I will give my GMAT in 7 days and this is my first attempt at AWA (used template by
chineseburned. Please let me know if there is any scope of improvement and how can I asses my AWAs.
BEFORE the financial crisis, central bankers were backroom technocrats: unelected, unexciting men in grey suits, who adjusted interest rates to keep prices stable on the basis of widely agreed rules. Most central bankers operated below the public’s radar and above the political fray. Politicians seldom questioned how they did their job, and virtually never challenged the wisdom of their independence. The suits are the same these days, but not much else is. Central bankers have become the most powerful and daring players in the global economy.The argument claims that before the financial crisis, central bankers used to adjust interest rates to keep prices stable on the basis of widely agreed rules. It further states that, they operated below the public’s radar and above the political fray. Politicians seldom questioned them but not their independence. Further, it claims that these days, the situation remains the same and central bankers are the most powerful and daring players in the global economy. Stated in this way the argument manipulates facts and presents a distorted view of the situation. The conclusion of the argument relies on assumptions for which there is no clear evidence. Hence the argument is weak and has several flaws.
First, the argument readily assumes that neither the public nor the politicians were aware about the way the central bankers functioned. The statement is a stretch since it assumes that both the parties did not pay any heed to the the way these bankers functioned until the financial crisis. For example, after the crisis, there were various reports about the general review of the public and politicians which clearly reflected that they did question the working of the bankers. Clearly, the argument ignores the fact that even though there was no clear line of challenging the bankers, public and politicians alike, did make attempts to know about the financial situation run by these central bankers. The argument could have been much clear if it explicitly stated that the central bankers ignored questions about their functioning from the economy.
Second, the argument claims that the situation has somehow worsened, giving central bankers all the more power and independence. This is again a very weak and unsupported claim as the argument does not demonstrate any correlation between the behaviour of public and politicians towards the bankers now and before the financial crisis. To illustrate its claim better it should have provided evidence of how the bankers work now and the line of questioning the face from the other two parties. If the argument had provided evidence that these bankers still enjoy the autonomy as they did before, then the argument would have a lot more convincing.
Finally, the argument claims that the central bankers have become the most powerful and daring players in the global economy without giving any evidence about the same. It does not clarify how things have changed in the economy after the crisis to make this judgement. Moreover, it does not provide any evidence about the change in power enjoyed by these bankers to give clarity on the situation as compared to before the crisis. Without convincing evidences to these claims, one is left with the impression that the argument is more of a wishful thinking rather than substantive evidence.
Without this information, the argument remains unsubstantiated and open to debate.