Bernanke: Reform must be inclusive

Speaking at the 60th anniversary of the Bank of Korea, Bernanke said, "On a global level, the leadership of the Group of 20 (Nations), which Korea is currently chairing will be essential in ensuring that reforms are not only strong and effective, but also consistent and coordinated across countries."

Bernanke said emerging economies had "become increasingly important in the global trading and financial systems." The world, he said, "will depend on them even more to maintain strong domestic growth and economic and financial stability."

Bernanke spoke Monday at the Bank of Korea's International Conference in Seoul.

Bernanke said emerging nations would also have a "key role … in the important efforts to reduce global imbalances in trade and capital flows."

He called S. Korea's chairmanship of the Group of 20 "a notable vote of confidence in Korea and its institutions."

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