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Thai Deputy Prime Minister Somkid Jatusripitak speaks at the Nikkei Asia300 Global Business Forum in Bangkok on July 14. (Photo by Kosaku Mimura)
Economy

'Upside down' world spells opportunity for Asia: Thai deputy PM

But countries and companies that 'remain asleep' will be left behind

YUKAKO ONO, Nikkei staff writer | Japan

BANGKOK -- U.S. President Donald Trump's policies are turning geopolitics "upside down," but Asian businesses are well-positioned to take advantage of the shifting world order, according to Thai Deputy Prime Minister Somkid Jatusripitak.

Asia is becoming a "center of the world economy," he told an audience of Thai and Japanese corporate executives at the Nikkei Asia300 Global Business Forum, held in Bangkok on Friday. Amid a host of disruptions, from Trump's "America first" stance to emerging technologies, Somkid said "opportunities are shifting from the West to the East."

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