Prof. Albert Park was appointed as Chief Economist of ADB
MANILA, PHILIPPINES (29 September 2021) — The Asian Development Bank (ADB) has appointed Hong Kong University of Science and Technology (HKUST) professor Albert Park as its new Chief Economist. He will assume office on 15 December 2021.
As Chief Economist, Mr. Park will serve as Director General of the Economic Research and Regional Cooperation Department, where he will lead ADB’s work on policy research and regional cooperation and integration. The department produces key analytical forecasts and reports, including the Asian Development Outlook, the bank’s flagship economic publication.
“Asia and the Pacific’s remarkable achievements in development are facing severe challenges in the form of COVID-19 and climate change,” Mr. Park said. “I look forward to contributing to ADB’s long and established presence in providing knowledge and policy advice that will help shape a green, resilient, and inclusive recovery for the region.”
Mr. Park has more than 2 decades of experience as a development economist. A well-known expert on the economy of the People’s Republic of China, he has directed a number of large-scale research projects in the country. He has also served as an international consultant for the World Bank and a member of the steering committee for the Asia-Pacific Research Universities’ Population Ageing Hub. Mr. Park has worked on a broad range of development issues including poverty and inequality, intergenerational mobility, microfinance, migration and labor markets, the future of work, and foreign investment.
Mr. Park is Chair Professor of Economics and Director of the Center for Economic Policy at HKUST. Previously, he served as a founding director of HKUST’s Institute for Emerging Market Studies, professor at the University of Oxford, and associate professor at the University of Michigan. He has also held editorial positions at a number of leading economic journals.
ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members—49 from the region.
About The Hong Kong University of Science and Technology
The Hong Kong University of Science and Technology (HKUST) (www.ust.hk) is a world-class research university that focuses on science, technology and business as well as humanities and social science. HKUST offers an international campus, and a holistic and interdisciplinary pedagogy to nurture well-rounded graduates with global vision, a strong entrepreneurial spirit and innovative thinking. HKUST attained the highest proportion of internationally excellent research work in the Research Assessment Exercise 2014 of Hong Kong’s University Grants Committee, and is ranked as the world’s best young university in Times Higher Education’s Young University Rankings 2019. Its graduates were ranked 16th worldwide and top in Greater China in Global University Employability Survey 2018.
