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Wordcount: 17450
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Evaluate superiority of Hong Kong and Singapore
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Introduction
Could a burgeoning China drive Singapore and Hong Kong the way of the dinosaur? Some economists fear the answer could be yes. China's emergence as a manufacturing powerhouse spells competition for every Asian economy, but none face a more compelling need to shape up
for the challenge than the two city economies. Each has got a different response strategy -- while Singapore scrambles to reshape itself, Hong Kong is betting on the status quo.
While most Asian nations can look within -- to seek growth in domestic consumption -- if their export engines start to sputter, the relatively small populations of Hong Kong and Singapore give them little choice but to look outside for growth.
Hong Kong ranked ninth and Singapore
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