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Emerging markets offer lessons for U.S.: Bernanke

WASHINGTON — Emerging economies have important lessons like fiscal discipline and investment in education that the United States should re-learn, US Federal Reserve chairman Ben Bernanke said Wednesday. “Advanced economies like the United States would do well to re-learn some of the lessons from the experiences of the emerging-market economies,”…

IMF: Oil prices key risk to solid global recovery

WASHINGTON – The global economy is firmly on the mend in 2011 but faces rising headwinds, particularly from higher oil prices, the International Monetary Fund said Monday. The IMF said its latest world economic forecasts were little changed from a January update: 4.4 percent global growth in 2011, ticking down…

IMF reforms to double capital, give China, India more power

The International Monetary Fund has decided to double its capital and adopted other reforms that will give China and other emerging-market economies a greater say in the financial institution. The IMF executive board agreed to sweeping changes on Friday, ahead of next week’s G20 summit in Seoul, expected to be…

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