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Pandemic: “Globalization will become regionalization.”

In this episode of Business Class, we look at how the Covid-19 pandemic is affecting the ASEAN nations, particularly Thailand.

May 22, 2020
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In this episode of Business Class, we look at how the Covid-19 pandemic is affecting the ASEAN nations, particularly Thailand. We turn to Dr. Narongchai Akrasanee, a former Thai government minister with extensive business knowledge.

In conversation with USC’s Dick Drobnick, the two explore the economic effects of the virus coupled with strong governmental controls, “Big control. Very big impact.” They also discuss how Thailand’s bond market and major economic sectors are faring. Dr. Narongchai notes that the virus will hinder economic growth for both auto parts and tourism, “We have been relying so much on tourism. Last year, tourists arrivals were 40 million.”

Dr. Narongchai Akrasanee Ph.D, is the Chairman of MFC Asset Management Public Co, Chairman of Ananda Group, Chairman of Seranee Group, and Board Member of AIA Group. Dr. Narongchai has served as Thailand’s Minister of Energy and Minister of Commerce, Director of National Economic and Social Development Board, and as a Member of Monetary Policy Committee of the Bank of Thailand.

Interview recorded on April 30, 2020

To maintain social distancing this interview was recorded over the web.

Dick Drobnick

Interview by Dick Drobnick, Director – USC IBEAR MBA Program

Pandemic: “Globalization will become regionalization.” - Narongchai Akrasanee Ph.D. - Thailand

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Narongchai Akrasanee, Ph.D. former Minsiter Energy & Commerce, Thailand

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