The Philippines is a country of more than 100 million people. Its history and its proximity to China have made it an important U.S. ally, but it's had its share of challenges.
Stanton Wants To Double Phoenix's Exports To Mexico
Phoenix Mayor Greg Stanton is calling for a new approach to the city's economy, plus investments in infrastructure and education. The mayor is trying to make Phoenix fiscally stable for many years to come.
Stanton delivered his third state of the city speech Wednesday. Phoenix is facing a budget deficit of $26 million or more, which Stanton never directly addressed. But he said it's time to recognize the city's economic woes aren't cyclical, they're structural and that Phoenix hasn't done enough to move beyond a reliance on construction and real estate.
"We can choose a different destiny. We can build an innovation-based, export economy that works for everyone: large companies, small businesses, entrepreneurs, the middle class, and those working their way into the middle class," Stanton said.
Stanton called for new investment in public transportation and schools, high-speed internet and a focus on entrepreneurship. And, he wants to see a huge boost in exports to Canada and Mexico. He's making his eighth trip to Mexico starting Thursday.
"Phoenix will double exports to Mexico in the next five years, and we will double our exports across the globe in the next ten years," Stanton said.
To that end, Stanton said the city of Phoenix will start helping local businesses get ready to trade internationally.