This video on whether tax incentives are effective in encouraging innovation is a good example of how people speak in a natural way when they are the only person speaking. It is useful to listen to the rhythm with which the speaker speaks and which words they stress more than the others.
Remember that English is a stress-timed language so if you put the stress on the important (information-bearing) words in the sentence, the rest of the words which are not so important are pushed together. Think of the sentence:
I went to the park for lunch.
The information is in the words: went (action), park (place) and lunch (reason). You can probably get my meaning if I just say went, park, lunch.
IWENT titherPARK faLUNCH
So we keep the beat:
One Two Three
IWENT titherPARK faLUNCH
Keep this in mind as you listen to the video again. Then try to repeat the monologue back section by section. If you think you can say it fluently, try it without the video, just reading the script. This will help you to sound more like a native English speaker. Give it a shot!
Business English: Do tax incentives really stimulate innovation?
There’s been a lot of work by economists, ah, looking at the effectiveness of Research and development tax credits and actually they are pretty effective. This is one area, you know, where economists again, they kind of agree on the notion that, look, the private sector doing this is creating knowledge that can be used by competitors, can be used around the globe, there’s spill-over benefits so let’s give them an incentive.
But then a lot of economist have spent years actually looking at, well, does it work? If you give them a dollar of credit, do you get more than a dollar of innovation? The answer is yeah, it does work, it’s one of the tax incentives which has a good track record of performance, now countries around the world are really competing on this now coz I think another thing that’s really important here is that, and we know this, research is becoming much more of a global activity. Countries want nothing more, as a government, than encouraging, ah, large researchers and large research establishments to come to their country. It’s part of their soft power right?
So if you can convince Microsoft or Google or GM to come and do frontier research in China, that’s really good for China. So countries are using all kinds of tax incentives to do this, including tax holidays for several years, land grants, everything..