发明和革新 meaning in English

inventii si inovatii

Peter batchelor , deputy director of dti said : " the uk is at the heart of invention and innovation in new materials and process technologies for the display and lighting industries
）的巴察莱先生表示： “英国是在显示和照明行业、新材料和加工技术这两个领域发明和革新的中心。
In fact , the key to growth is the institutional / organizational structure and its effect upon incentives ? not only the incentives to invent and innovate , important as they are , but the incentive to organize the production process more efficiently , to reduce transaction costs in factor and product markets , to organize a judicial system to enforce contracts , to create a polity that will specify and enforce property rights , and most important of all to maintain those incentives
事实上，增长的关键是制度的/组织的结构和它对激励的影响- -不仅激励发明和革新，与此同样重要的，激励去更有效地组织生产过程，在要素和产品市场减少交易费用，组织公司法体系去实施合约，创造一个政体去确认和实施产权，而最重要的是去维持那些激励。