Case Study China and Hong Kong: Emergence of a Communist Empire?   Instructions: Enter your answers into the boxes below. If you'd like a print-out of your responses, click on the Submit button at the bottom of the page, and you will be taken to a printer-friendly page. If you have been instructed to submit your exercise online, enter both your and your instructor's name and e-mail address, then click the Email button at the bottom of the page. Your answers will be e-mailed immediately.   An Adversary Grows Stronger :: Remember Victor Frankenstein :: Experience As The Best Teacher   Remember Victor Frankenstein Of course a scenario in which China is rapidly approaching the status of economic superpower carries its own set of concerns. First, China could develop into an economic rival that represents a threat to the United States. They might beat us at our own game. In addition, there are those who would argue that an economically successful China is just as dangerous as a belligerent China. One of the reasons that China has not become a superpower to rival the United States is that China has not been able to combine its military might with economic success. If the United States naively assists China in becoming an economic powerhouse, it will have foolishly helped China to become the greatest rival the U.S. has ever known. The United States has every reason to ensure that China remains economically underdeveloped. The counterargument is that China represents an extraordinary opportunity for the United States economy. With its huge population China looms as one of the most lucrative markets in the world for American products. An economically advanced China would become a valued partner in trade for business and industry in the United States. If it is true that the business of America is business, then policies that advance the Chinese economy would constitute wise policy indeed. In 1997, should the United States fear the consequences of China becoming an economic power in addition to a military power? With which of the following statements would you most agree in 1997? Despite the economic advantages that an open Chinese market would present for American business and industry, the economic gain will be outweighed by the strategic threat posed by a China that is both a military and an economic power. Although a China in possession of both military strength and economic clout could prove to be a potentially overwhelming adversary, this risk is outweighed by the economic benefits to be gained by American business and industry with access to the vast Chinese markets.     Student Name:* Student Email:*   Professor Name:*   Professor Email:*         *required