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Bernanke urges US to learn from emerging nations
Federal Reserve Chairman Ben Bernanke said Wednesday that the United States and other rich nations could re-learn a few lessons from developing countries: Adopt disciplined budget policies, embrace free trade, make public investments and support education. In a largely academic speech in Cleveland, Bernanke spoke of the explosion of growth in emerging economies, such as China, India and Brazil. But in his conclusion, he appeared to criticize U.S. lawmakers and others in developed countries who he says have failed to embrace some key economic principles. "Advanced economies like the United States would do well to ... (full story)
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