The head of the Asian Infrastructure Investment Bank voiced support on Monday for globalization, saying that countries can benefit from the process with effective domestic reforms and correct policy choices.

AIIB President Jin Liqun warned that globalization has suffered a setback because of the lack of shared benefits and the polarization of the world's haves and have-nots.

"There is an urgent need to improve global economic governance. This is going to bring about shared benefits and ensure that no country is left behind," Jin said in a speech at the China Development Forum in Beijing. The three-day event ended on Monday.