📋 WAT/Essay Analysis Guide: Should Countries Focus on Building Self-Reliant Economies?
🌟 Understanding the Topic’s Importance
Economic self-reliance integrates economic resilience and innovation but raises questions about global partnerships. For B-school aspirants, the topic offers insights into policymaking, strategic decision-making, and global trade.
📝 Effective Planning and Writing
- ⏳ Time Allocation (30 mins):
- 🕒 Planning: 5 minutes
- ✍️ Writing: 20 minutes
- 🔍 Review: 5 minutes
- 📜 Structure (500 Words):
- Introduction: 60-70 words
- Body: 350-375 words
- Conclusion: 60-70 words
💡 Introduction Techniques
- ✨ Template 1: Contrast Approach:
“While nations like China thrive through self-reliance, over 85% of global semiconductors are produced by just two countries, showcasing the risks of over-dependence.”
- 🔧 Template 2: Solution-Based Approach:
“Countries must prioritize self-reliance to mitigate global supply chain vulnerabilities without sacrificing international collaboration.”
🔍 Structuring the Essay Body
- 🏆 Achievements:
- Growth in India’s indigenous manufacturing of electronics.
- The US reshoring initiatives in critical sectors.
- ⚖️ Challenges:
- Investment barriers in R&D.
- Case study of India’s dependency on semiconductor imports.
- 🌍 Future Outlook:
- Collaboration in green technologies.
- Strategic trade policies balancing autonomy and globalization.
✅ Concluding Effectively
- ⚖️ Balanced Perspective:
“Economic self-reliance strengthens resilience but must coexist with strategic global partnerships to foster sustainable growth.”
- 🌐 Global Comparison:
“From Germany’s Mittelstand to China’s dual circulation, countries offer valuable lessons in self-reliance.”
📈 Analyzing Successes and Shortcomings
- 🏅 Key Achievements:
- Boost in domestic employment.
- Greater resilience during global crises.
- ⚠️ Ongoing Challenges:
- Risk of inefficiency in protected industries.
- 🌍 Global Context: Germany and China’s policies as benchmarks.
🛠️ Recommendations for Sustainable Progress
- 🤝 Encourage public-private partnerships for innovation.
- 📚 Invest in education and skill development to boost local industries.
📄 Sample Short Essays
1. Balanced Perspective:
“Economic self-reliance is vital for resilience but requires global partnerships to maintain innovation and growth.”
2. Solution-Oriented:
“Self-reliance should focus on strategic sectors while leveraging global collaborations for non-core areas.”
3. Global Comparison:
“Lessons from Germany’s Mittelstand and China’s strategic autonomy highlight the need for a balanced approach.”