Bernanke urges US to learn from emerging nations (AP)

WASHINGTON ? Federal Reserve Chairman Ben Bernanke says 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.

Bernanke's speech about the explosion of growth in the developing world was largely academic. But in his conclusion, he appears to criticize U.S. lawmakers and others in developed countries who he says have failed to embrace some key economic principles.

Bernanke has cautioned U.S. lawmakers against cutting deficits too quickly to reduce budget deficits. He has said that could put the fragile economy at risk.

In his speech, Bernanke suggests many emerging countries have enjoyed three decades of strong economic growth with support from their governments. .

Source: http://us.rd.yahoo.com/dailynews/rss/economy/*http%3A//news.yahoo.com/s/ap/20110928/ap_on_bi_ge/us_bernanke

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