[TH/EN] 📺🎙️ The Great Power Shift

A world caught between two giants. 🌏

Trade wars, grey capital, and Thailand's next move.

📲 Full analysis up now: []

This program of The Secret Sauce Episode is run by Ken-Nakrin, an honor event that has had a deep discussion with Mr. Vikram Dit, Chairman of the Board of Directors of Immortal Corporation Public Limited, who has a deep experience and understanding of the global economy. The main content of the list is aimed at analyzing the Sino-US trade war, with the key question:

As China moves towards becoming a world power, how will it affect globalization? And will the United States actually "crash" or deteriorate?

🔹 Chinese and U.S. Economic History (Session 03: 54)

Ms. Wiki retraces the history of the world economy, pointing out that the United States spent decades building as an economic and technological power, after World War II, through the adoption of innovation, infrastructure investment, and a stable institutional system.

Meanwhile, China. Starting from a backward country, but under Deng Xiaoping's economic reform in 1978, China opened the country to the world market, becoming the "factory of the world" with cheap labor, investment promotion policies, and strict state control.

The turning point was that China did not stop manufacturing, but instead invested in technologies, infrastructure, and innovations such as 5G, AI, space, and high-speed rail that began to challenge the U.S. leadership position.

🔹 Trade Wars: Turning Points of Globalization (Range 32: 33)

The trade war that started in the Trump era was not just about tariffs, but the struggle for strategic power between the two powers.

- The U.S. is beginning to worry about technology plagiarism, trade deficits, and security risks from China-dependent supply chains.

- China responded by reducing its dependence on Western technology; and pushing "Made in China 2025."

As a result, globalization has begun to break away from the global supply chain, and there is now a "decoupling" trend, or economic isolation, with many countries beginning to diversify, such as moving their manufacturing bases to Vietnam, India, or Thailand.

🔹 The Future of Globalization: What Will the World Look Like?

Mr. Wik sees globalization as not dead, but changing patterns.

The world will enter a "Globalization 2.0" or "Plural Globalization" era that is not only U.S.-centric, but multipolar, such as

- China pushes the economic system through the Belt and Road Initiative (BRI).

- U.S. continues to lead innovation, technology and the global financial system (dollar)

- Developing countries, including Thailand, must learn to "play with multiple poles" without choosing sides.

🔹 Thai Impact and Coping (Range 41: 45)

Mr. Wik stressed that Thailand must adapt urgently because

1. Thailand cannot rely on tourists or traditional exports forever.

Production values must be increased and flexible supply chains developed.

2. Have to deal with the "Gray Chinese Capital" (range 57: 29).

Refers to investments from China that may not come transparently, some may be linked to the Chinese state, or use Thailand as a money laundering base, or bypass sanctions.

Thailand must have a strict investment monitoring system, but it does not block opportunities.

3. Industrial estates must be modernized.

Such as Immortal City, which is not just a rental area, but a smart industrial city that supports clean technology, electric vehicles, and digital economics.

🔹 Investor Perspective on Estates (Range 49: 48)

As a major developer of industrial estates in Thailand, Mr. Wikon sees Thailand as having a chance if it can

- Create an environment conducive to investment (law, labour, infrastructure);

- Adapt labor skills to the technological age.

- Use Geographical Advantage Points Linked to CLMV (Cambodia, Laos, Mianma, Vietnam)

🔹 What kind of leader does Thailand need? (Range 58: 19)

Mr. Vikyan commented that Thailand needs long-term visionary leaders, not just for short-term political gain.

- Leaders must understand the changing world and make decisions about infrastructure, innovation, education.

- Internal conflicts must be reduced and public, private and public partnerships established.

- Must dare to "change the system" instead of just "deal with the problem."

🔚 Summary: Will the United States be ruined?

Mr. Wiki sees "the United States is not ruined," but it could lose its inclusive leadership position.

- The U.S. also has innovation strengths, financial systems, leading universities, and global partners.

- But China will not be able to "knock down the United States" any time soon. Both countries will be in a "tandem" or "Rivalry with Coexistence."

Thailand can survive or prosper depending on the ability to adapt and the quality of its leaders rather than external luck.

📌 Thoughts from this single episode

- The world is not "who wins that whole person," but an era of multiple poles, multiple systems.

- Thailand must stop being a "follower" and start being a "strategic player."

- Coping with Chinese capital requires "openness but judgment."

- Thailand's future depends on internal reform rather than external dependence.

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[China Rant. America Down? Wikout Department | The Secret Sauce EP.856] ()

# TheSecretSauce # Trade war # China vs US

# Globalization # Department of Dit