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.
ORGANIZATION
ACCOUNTABILITY
ADB supports projects in developing member countries that create economic and development impact, delivered through both public and private sector operations, advisory services, and knowledge support.
Albert Park
Albert F. Park is the chief spokesperson for ADB on economic and development trends. He leads the Economic Research and Development Impact Department (ERDI) in the production of ADB’s flagship knowledge products and support for regional cooperation fora.
Mr. Park has more than 2 decades of experience as a development economist and is a well-known expert on the economy of the People’s Republic of China. He 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, Social Science, and Public Policy at the Hong Kong University of Science and Technology (on leave). He served as a founding director of HKUST’s Institute for Emerging Market Studies and Center for Economic Policy, and previously held faculty positions at the University of Oxford and University of Michigan.
A national of the United States, he received his bachelor’s degree in economics from Harvard University and his doctorate in applied economics from Stanford University.
Author
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Social Norms and the Impact of Early Life Events on Gender Inequality
This working paper analyzes the influence of social norms in determining the impact of early life exposure to the Great Chinese Famine of 1959–1961 on gender inequality. -
Learning Disruptions during the COVID-19 Pandemic: Evidence from Household Surveys in Southeast Asia
A household survey documents considerable differences between countries in terms of school closures, the government's response, and the education situation.
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Learning Loss and Recovery from the COVID-19 Pandemic: A Systematic Review of Evidence
This systematic review provides insights on the effects of school closures during the COVID-19 pandemic and of measures to reduce learning loss while schools were closed. -
How to Stop Automotive Battery Recycling from Poisoning Our Children
This brief calls for better safety standards on how automotive batteries are recycled in Asia’s developing countries to reduce harmful lead pollution and its associated health impacts. -
Rural Pensions, Intra-Household Bargaining, and Elderly Medical Expenditure in the People’s Republic of China
This study investigates the impact of a new social pension program in the People’s Republic of China on the health expenditures of rural elderly people. -
Global Divergence in the De-routinization of Jobs
This study introduces a methodology to estimate the economy-specific task content of occupations across economies at different income levels. -
Access to Pensions, Old-Age Support, and Child Investment in the People’s Republic of China
This study shows that the new pension program in the People’s Republic of China can fundamentally alter the traditional support system between generations. -
How to Recover Learning Losses from COVID-19 School Closures in Asia and the Pacific
This brief provides insights on how learning losses caused by the closure of schools during the coronavirus disease (COVID-19) pandemic can be recovered in Asia and the Pacific.
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Learning Loss Persists Even After Schools Reopen
Student monitoring and remedial programs are needed to avoid the long-term effects of school closures in Asia and the Pacific during the pandemic. -
How “Green Nudges” Can Reduce Disposable Cutlery Use
These charts illustrate the impact of green nudges on single-use cutlery consumption in the People’s Republic of China and the implications of more widescale use of such nudges. -
Five Steps to Protect Our Children from Toxic Lead Sites
Safety standards in recycling lead in automotive batteries in Asia and the Pacific must be observed to prevent lead from polluting the environment and poisoning children. -
These 6 Urgent Actions are Needed to Recover from Pandemic School Closures
A strategic combination of actions at local and national level is needed to recover from learning losses caused by COVID-19 and address the learning crisis that existed long before the pandemic.
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Climate Change Response in Asia and Pacific Held Back by Insufficient Data
Policy makers in Asia and the Pacific are struggling to collect and analyze the data they need to effectively respond to climate change, hampering efforts in a region considered the world’s most vulnerable to the effects of a warming planet. -
ADB Raises Developing Asia and the Pacific’s Economic Growth Forecast for 2024
ADB has slightly raised its economic growth forecast for developing Asia and the Pacific this year to 5.0% from a previous projection of 4.9%, as rising regional exports complement resilient domestic demand. The growth outlook for next year is maintained at 4.9%.
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Developing Asia and the Pacific Unprepared for Challenges of Aging Population
Developing Asia and the Pacific is unprepared to secure the well-being of its rapidly aging population as the growing share of older people in the region face challenges from low pension coverage to health problems, social isolation, and limited access to essential services. -
ADB Forecasts Developing Asia’s Economy to Grow 4.9% in 2024
Developing economies in Asia and the Pacific are forecast to expand by 4.9% on average this year as the region continues its resilient growth amid robust domestic demand, improving semiconductor exports, and recovering tourism.
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Developing Asia’s 2023 Growth Outlook Upgraded to 4.9%
ADB has raised its economic forecast for developing economies in Asia and the Pacific, after robust domestic demand drove higher-than-expected growth in the People’s Republic of China and India. -
ADB Projects Solid Growth but Rising Risks for Asia and Pacific
Economic growth in Asia and the Pacific is expected to remain solid, although risks to the outlook are rising, according to a report by ADB. -
Increased Cost-of-Living Crisis Undermines Progress on Poverty Alleviation in Asia and Pacific
The increased cost-of-living crisis sparked by surging inflation last year, combined with the lingering effects of the COVID-19 pandemic, is continuing to push people in Asia and the Pacific into extreme poverty, according to a new report by the Asian Development Bank. -
ADB Maintains Growth Forecast for Asia and the Pacific
ADB is maintaining its growth outlook for developing economies in Asia and the Pacific at 4.8% this year, as robust domestic demand continues to support the region’s recovery.
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ADB Forecasts 4.8% Growth for Asia and Pacific in 2023 and 2024
ADB forecasts faster growth for developing economies in Asia and the Pacific this year, as the continued easing of pandemic restrictions boosts consumption, tourism, and investment.
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Sustainable Trade and Investment Key to Asia and Pacific’s Green Future
Greener trade and investment is crucial to tackling climate change in Asia and the Pacific and will require governments in the region to work together more closely, according to a new report by the Asian Development Bank.