You are on page 1of 4

Skim the original text first to check you understand

the global meaning (gist)

Underline/highlight key points and terms in the


text

Make clear concise notes from the text, in your


own words

Paraphrase information when appropriate/possible

See if you can join key points together from


different paragraphs, rearranging the order of
information if necessary
Use headings and subheadings if the original text
is long

Read your draft summary to check that you


havent lost the overall meaning of the original
text
Include your opinion and/or extra information not
in the original

Copy out parts of the text that are important word-


for-word

Write a summary that is about the same length as


the original text
Look up every word you dont understand

Include descriptions, specific examples and lists in


your summary

Always summarise each paragraph then put them


all together

Look back at the original text often while you write


your summary

a brief statement or account of the main points of something

A summary is a brief statement or restatement of main points

Paragraph 1- Big trees are incredibly important


ecologically. For a start, they sustain countless other
species. They provide shelter for many animals, and their
trunks and branches can become gardens, hung with
green ferns, orchids and bromeliads, coated with mosses
and draped with vines. With their tall canopies basking in
the sun, they capture vast amounts of energy. This allows
them to sustain much of the animal life in the forest.
Paragraph 2- Only a small number of tree species have
the genetic capacity to grow really big. The mightiest are
native to Northern America, but big trees grow all over
the globe, from the tropics to the boreal forests of the
high latitudes. To achieve giant stature, a tree needs
three things: the right place to establish its seedling,
good growing conditions and lots of time with low adult
mortality. Disrupt any of these, and you can lose your
biggest trees.
1.How wildlife benefits from big trees
2.Factors that enable trees to grow to significant
heights
3.How other plants can cause harm

What aAging
About StudyPopulations
Innovation of 33 Countries
and Found
The populations of almost all Western countries are getting older, as the Baby
Boomers, born in the 1950s and 1960s, live longer and have fewer children than
previous generations. Population aging of this dimension is possibly unique in world
history. No surprise, then, that it poses serious challenges for the health care systems,
pension schemes, and public debt management of modern societies.

More often than not, politicians see economic growth as a means to alleviate these
problems. The arguments are simple: Faster growth means more income to be spent
on medical treatments for the old. Higher wages increase the contributions to pay-as-
you-go pension schemes, thus preventing pensions from falling. And growth reduces
the governments debt-to-GDP ratio, which facilitates and cheapens future
government borrowing.

The problem is that population aging is itself a cause for a decline in both GDP and
per-capita GDP. Due to a sustained decline in fertility, there are fewer young people
entering the labor force than there are old workers leaving it. The active labor force
declines over time, and so does GDP. In addition, as longevity increases, a reduced
labor force has to nourish more and more retirees and for longer. Accordingly, GDP per
capita tends to fall.

Innovation could come to the rescue by boosting the productivity of the remaining
labor force. If the more productive few can produce as much output as the less
productive many, GDP will not fall. Similarly, with fewer but more productive workers
in the population, per-capita GDP may stay constant. Innovation is the means;
economic growth is the end.

Can we plausibly expect aging societies to be as innovative as they need to be?


Sociologists, policy makers, and cultural researchers tend to stress the hypothesis that
old societies lose the spirit of enterprise, favor security over risky dynamism, and
become less forward-looking. If this is true, there is little hope. Population aging will
lead societies into a state of stagnation with little inventive activity.

We studied a panel of 33 OECD countries in the period 19602012 to find out the
actual relationship between population aging and inventive activity across countries
and time. We measured population aging by the old-age dependency ratio people
older than 64 to the working population ages 1564 and inventive activity by the
number of patents per 1,000 residents.
The relationship between population aging and inventive activity turned out to be
hump-shaped, with a peak occurring at a dependency ratio between 24 and 27 older
people per 100 members of the working-age population. This is surprisingly old
such levels were reached in Japan from 19992003 and in Germany from 2001
2004. Countries located to the left of the hump may age and see their inventive
activity increase; those to the right will inevitably see it fall as they age even further.

What explains such a pattern?

Other studies provide some evidence that the decrease in inventive activity after a
certain old-age dependency ratio can be explained by individuals tendency to grow
less creative with age.

Our hypothesis is that on the left side of the hump necessity is the mother of
invention. To solve their age-induced problems, societies invest in innovation. Aging
populations understand at some level that their standard of living hinges on a
rising labor productivity of the working young, and they know that innovations are the
main drivers of productivity growth.

In another study, we looked at individual attitudes toward innovation in a cross-


section of 18 OECD countries for which individual-level data is available. We found
that the older people are, the less they appreciate innovation. However, in societies
where the whole population is aging, this tendency is weaker. This suggests that the
process of population aging may lead to a better understanding and a willingness to
adapt ones attitude toward innovative activity.

What can policy makers and entrepreneurs learn from these studies? An aging society
needs a strategy to foster inventive activity to secure its standard of living.

Germany and Japan are two aging countries grappling with this problem in systemic
ways. Germanys national innovation strategy, the so-called High-Tech Strategy 2020,
funds research and innovation at the national and state level, supporting investments
in growth areas such as green innovation, a major German strength. Japan adopted its
Comprehensive Strategy on Science, Technology, and Innovation in 2013. The focus of
this strategy is the environment, energy, health and medical care, and social
challenges. Opening to other Asian economies was also part of the strategy.

We recommend that policy makers work to raise awareness about the adverse effects
of population aging, communicating to their citizens what aging means for their
individual health care, the level of their pensions, and the economic functioning of
their government. Awareness acts as a catalyst, changing attitudes and bringing
about a societal climate more favorable to investment in innovation.

In sum, in countries that understand the consequences of their aging population,


entrepreneurs are more likely to find profitable business opportunities. This will
benefit the old as well as the young.

You might also like