UN DESA | DPAD | Development Policy Analysis Division
Global Economic Monitoring Unit
The Global Economic Monitoring Unit (GEMU) monitors global economic trends and contributes to UN reports, briefings and notes in the area of macroeconomic analysis. The Unit takes primary responsibility for the annual publication of the World Economic Situation and Prospects (WESP), a UN flagship publication jointly produced by DESA, UNCTAD and the five Regional Commissions. The WESP provides an overview of recent global economic trends and short-term prospects for the world economy as well as key global economic policy and development issues. The annual publication, and its mid-year update, serves as a point of reference for deliberations on economic and social issues taking place in various United Nations entities, including the General Assembly (GA) and Economic and Social Council (ECOSOC). GEMU's other key responsibility is collaboration with Project LINK, an international consortium of experts from approximately 60 countries and several international organizations on global modeling, forecasting and policy analysis.
Pingfan Hong, Chief
A Chinese national, Pingfan Hong joined the United Nations in 1989 and has since worked mostly in the area of policy research, particularly macroeconomic policy analysis and international policy effects. He has contributed for many years to the publication of the United Nations World Economic and Social Survey and World Economic Situation and Prospects. He has also worked extensively with Project LINK in global modelling and forecasting.
Mr. Hong has also worked as an officer in the State Planning Commission of China and as a Research Fellow and Assistant to Professor Lawrence Klein at the University of Pennsylvania.
In addition to his numerous contributions to various United Nations publications, his personal publications and working papers (in English or Chinese) include "'Fortress Europe' and Retaliatory Economic Warfare", "Import Elasticity Revisited", "Global Implications of the U.S. Trade Deficit Adjustment", "Unbalanced Globalization and Ineffective Governance", "The Global Implications of the 'New Economy'", "The Impact of Higher Oil Prices on the Global Economy—a Tale of Two Different Cases", "Flexibility versus Stability: Challenges for the Chinese RMB", "Global Imbalances and the International Reserve System" and "China's Prospects and the Sino-US Economic Relations".
Mr. Hong earned a Ph.D. in Economics from the University of Pennsylvania, a Dual Master in Computer Sciences and Management Sciences from Shanghai Jiao Tong University and a Bachelor in Engineering from Wu Xi Institute of Light Industrial Technology. He is the World Bank McNamara Fellow of 1985.
Chief, Global Economic Monitoring Unit
United Nations Secretariat
New York, NY 10017
Tel: (212) 963 4701
Fax: (212) 963 1061