That partnership has five components: wider opportunities for education in order to produce a workforce with cutting-edge skills; investment in infrastructure – roads, power plants, and ports – that supports commerce; funds for research and development to expand the frontiers of knowledge in ways that generate new products; an immigration policy that attracts and retains talented people from beyond America’s borders; and business regulations strong enough to prevent disasters such as the near-meltdown of the financial system in 2008 but not so stringent as to stifle the risk-taking and innovation that produce growth.