Thailand’s trust capital a potential strategic advantage amid global realignment: NUS Business School Dean
- Written by Media Outreach
NUS Business School Senior Lecturer Ms Usa Skulkerewatana (foreground, first from left) and Distinguished Professor Andrew K. Rose, Dean of NUS Business School with Thai media representatives.
Speaking to the media during a visit to Bangkok, Professor Rose said economies with deep international trust and stable regional relationships are increasingly well positioned as businesses rethink where they invest, manufacture and expand."In a world where global alignments are shifting and supply chains are being redrawn, trust becomes a strategic asset," said Professor Rose. "Thailand has spent decades building strong relationships across Asia and beyond. That foundation becomes more valuable in periods of uncertainty."
A pivotal moment for Thailand Thailand's current environment is demanding, and the International Monetary Fund's World Economic Outlook (April 2026) projects growth of 1.5 per cent in 2026.
Professor Rose noted that rising energy costs, softer long-haul tourism demand and rapid AI adoption are creating near-term pressure across key sectors of the Thai economy. However, he said periods of disruption often create the conditions for long-term competitive repositioning.
"The economies that emerge stronger are usually the ones that adapt earliest," as Professor Rose. "Leadership capability, agility and the ability to navigate change will determine who captures the next decade of growth."
The comments come as businesses across Southeast Asia accelerate investment in AI, digital transformation and workforce reskilling amid growing global economic fragmentation.
A 2026 Milieu Insight study of 3,000 workers across six Southeast Asian markets including Thailand found that 53 per cent ranked over-dependence on AI as their top concern, ahead of privacy risks and job displacement. This suggests that organisations in Thailand and across the region must do more to guide, not just deploy, new technology.
Building regional leadership capability Addressing these challenges requires more than a policy response alone. Professor Rose emphasised that both multinationals and SMEs must build their adaptation strategies around talent and leadership development to power Thailand's growth engine.
Ms Usa Skulkerewathana, Senior Lecturer at NUS Business School, said Thai organisations should consider focusing on strengthening talent development and practical AI readiness rather than treating technology as a standalone solution.
"This is not a wait-and-see moment," said Ms Skulkerewathana. "Thai businesses that invest early in leadership, digital capability and workforce resilience will be better positioned to compete regionally and internationally."
Singapore's role as Asia's financial and educational hub offers Thai professionals and organisations a natural gateway to build regional leadership capability. Thai professionals and executives have, for decades, benefitted from NUS Business School's MBA, MSc and executive education programmes, including the Stanford–NUS Executive Programme and other senior leadership initiatives developed with global academic and industry partners. Thai enrolment has remained steady over the past five years as professionals seek regional exposure and globally benchmarked leadership training.
Thailand's "trust capital" is intact, and its position within a reorganising ASEAN is reinforced by the changes underway. The Thai institutions and business leaders that treat "trust capital" as a competitive asset, and build the leadership depth to deploy it, will define the country's next chapter of growth.
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