Security questions regarding U.S. military support to Turkey Essay

Security questions regarding U.S. military support to Turkey - Essay Example In the recent crisis between Syria and Turkey the following problem has appeared: does NATO approve the initiatives of Turkey, so far, in regard to the military conflicts within Syria? The answer seems to be positive. This view is based on the statement of the Secretary-General Rasmussen that ‘obviously Turkey can rely on NATO solidarity’, a statement made on the 9th of October (NATO 2012). Of course, as a member of NATO, Turkey has right to ask for such support. Still, the intervention of NATO in the conflict between Turkey and Syria would have certain implications that can be reflected in a series of security questions. 2. U.S. military support to Turkey – Security questions In order to refer to an issue as being related to security it is necessary for certain terms to be met. The common form of security questions is described in the study of Everts (2001). According to the above researcher, a security question can be related to different issues. Reference can b e made, for example, to the ‘democratic government’ (Everts 2001, p.44), as a security question. It should be noted that through the decades, the form of security questions has been changed. Energy, environment and allies’ security are common security questions in countries worldwide (Everts 2001, p.44). ... een Turkey and Kurds – Democratic question as a security question The claim of Kurds for the creation of their own state within Turkey is quite old (Brauch et al. 2003). However, since the beginning of the crisis between Syria and Turkey, the efforts of Kurds to promote their geopolitical interests have become quite strong (Dannreuther 2012). On the 3rd of October a Syrian attack on a Turkish town resulted to the death of five civilians (BBC News 2012). Turkey responded with attacks on targets near the borders (Guzel & Frazer 2012); the UN Council supported the specific initiative of Turkey (Guzel & Frazer 2012). The provision of military support by NATO to Turkey would allow the latter to develop extensive military operations against Syria. However, in case that the conflict between Turkey and Syria would be further expanded, then Kurds would possibly take the chance to develop more dynamic operations against the Turkish militants. In such case, the political stability of Tur key would be set in risk, a fact that would negatively affect the popularity of Turkish government. The stability of the country’s polity, as this stability would be threatened by the expansion of armed conflicts within Turkish territory, can be characterized as one of the most important security questions related to NATO’s intervention in the conflict between Turkey and Syria. 2.2 The geopolitical stability of European Union – Supporting the allies’ safety as a security question The political and social stability in Turkey can highly affect the geopolitical stability of European Union. The potential involvement of Turkey in a war would threaten the security of EU, even if Turkey is not a member state. Moreover, the cooperation between Turkey and the EU is close, especially in terms of

Passage Analysis Essay Example | Topics and Well Written Essays - 750 words - 1

Passage Analysis - Essay Example In addition, the author uses sound as a major symbolism in the whole narrative in which case he categorically mentions the distraction that the intermittent but rather scary voices cause to Montesore. Nonetheless, the author reveals the wickedness of Montesore as the narrative progresses until one becomes acquainted with the character traits of Montesore in the end (Poe Web). While it appears from the onset, that Montesore is an industrious and detailed person, his villainous character is later revealed, as it later emerges plainly that he practises undesirable activities including lack of remorsefulness and mockery to victims. In essence, Montesore reveals a great deal of his evil character by mocking Fortunato through the echoing of her voice in order to scare her. Indeed, the main character, who is Montesore, keeps on echoing supposedly Fortunato’s voice with an ill intention. For instance, when he repeats after her scary laughs and words "He! he! he! -- he! he! he!† he is sure that he will confuse the supposed recipient of the sound. Furthermore, he says, â€Å"Let us be gone,† echoing after Fortunato’s voice (Poe Web). This is a clear sign of revenge in the sense that instead of Montesore showing remorse towards fortunate, he has the strong conviction that he is vindicated to offer vengeance against Forunato. Perhaps one important aspect worth noting is that the whole passage is dominated by several episodes of Montesore counting the tiers as he continues laying them. This may have had an impact in raising the tension in the sense that Fortunato was inside these rising walls as she continued to produce noise (Poe Web). In essence, one has no idea about the whereabouts of Fortunato until Montesore reaches the eleventh tier. Owing to the fact Fortunato was also supposedly building the other side of the wall, one sees a clear sign of neglect and ignorance on the side of Montesore. This is particularly so in the sense that he does not reach out to tell

The ideas of the early Twentieth Century differed from those of Essay

The ideas of the early Twentieth Century differed from those of Nineteenth Century World - Essay Example Another key influence in the early twentieth century was the horrific experience of a mechanized warfare which caused very large numbers of casualties. Picasso’s Guernica which commemorates some ethnic cleansing in the Spanish Civil War, uses some elements of cubism, and a great deal of symbolism, which in turn owes much to the development of new ideas about psychoanalysis and the subconscious. These new insights about human psychology provided interesting new avenues for artists like Matisse to followed up, for example in his painting The Sorrows of the King which mixes bright color and simple shapes into a layered pattern, indicative of human figures, flowers, and music, but not fully rendered into realistic images. American ideas about industry and technology, including mechanisation and factory efficiency also caused innovations in production techniques, resulting in the incorporation of print media and advertising into the concept of art as for example in the works of War hol and others in the middle of the century. In summary, then, the twentieth century brought a sense of discovery and exploration into the world of art. Old conventions were thrown aside, and adventurous new styles were developed, challenging what came before and setting out a radical new way of defining art and all the different meanings it can have. Later Picasso was to take this one step further and develop cubist paintings, which show human figures from the several angles at once, in a disjointed way.

E-Recruiting (HR) Essay Example | Topics and Well Written Essays - 2750 words

E-Recruiting (HR) - Essay Example The first references to e-recruitment appear in articles of the mid-1980s (Gentner, 1984; Casper, 1985), while systematic reference to the e-recruitment in the HR journals begins almost a decade later, in the mid-1990s, when IT companies and universities begin to use the Internet extensively. Since then, the e-recruitment industry has been developing and it is estimated that in Europe it will have soared in value from just over 50 million in 1999 to 3.8 billion by 2005 (Taylor, 2001). Due to the novelty of the term, different authors have different concepts of what e-recruitment consists of. In this paper we take a view on e-recruitment that has been promoted by the Chartered Institute of Personnel and Development (CIPD, 1999). This states that the most common ways to use the Internet as a means to recruit are: - To add online hiring pages to the existing organization site. It is a very common exercise at the moment and its major benefit, namely the minimal cost related with creating a page on the company site, puts it forward as the smartest way to recruit on the Internet (Scheyer and McCarter, 1998). - To use Web sites specialised in recruiting employees, like "online recruiters", "job portals", "online job boards" e-recruiting "job agencies". Those sites ultimately act as mediums that connect the companies with potential applicants. The dedicated recruitment Web sites can take the form of job listing Web sites, which are very similar to printed classified advertisements; work-wanted sites, which emphasize the prospective employee's side; and, finally, online recruiters who make use of other Web sites as a resource for finding clients and customers (Rudich, 2000; Taylor, 2001). - To use a media site. In this case, electronic advertisements appear similarly and simultaneously with traditional printed advertisements in the original paper (newspaper e-recruiting magazine). Classifieds on the newspaper's Web sites are sometimes offered free to anyone paying for a print advertisement. The scope of e-recruitment also involves providing the possibility to conduct remote interviews and assessments, such as psychometric e-recruiting aptitude tests online, and using banner advertisements and smart agents to search the Web. Interactive tools, which link the corporate databases with the Web site, like search engines, interactive application forms, e-mail auto-respondents and electronic mailing lists, are also at an early practice stage (Dysart, 1999; Taylor, 2001). Factors affecting the decision to recruit through the Internet In most relevant literature there are some commonly identified benefits and downsides for the companies using e-recruitment. The commonly cited advantages and drawbacks of e-recruitment in the literature are as follows: Advantages of e-recruitment Low cost The economy achieved depends on the e-mailing approach applied. Publishing vacancies on the corporate Web site involves almost no cost at all, while the cost of putting advertisements on dedicated recruitment sites depends mainly on the coverage of the particular site. e-recruitment also achieves considerable economies of scale in terms of the number of words used because, through the Inter

Footnote to Youth Reaction Paper Essay Example for Free

Footnote to Youth Reaction Paper Essay â€Å"The youth is the hope of motherland.† It has always been said that we, the youth, is the hope of our country. This has been the mentality of almost everybody in the society. I, myself had this mentality strongly rooted in my mind before I had read the story, â€Å"Footnote to Youth.† Yes, the youth could possibly be the hope of our country or even of the world. As many have said, we are creative, dynamic, good thinkers, marvelous doers and a lot more. All these positive things also have corresponding negative thoughts from those who don’t believe in our capacity. They say we are lazy, dependent, coward, apathetic and a lot more. I think it is neither laziness nor dependence that drives us youth into somebody useless in the society. We never wanted to become just a piece of crap of course. We always have wanted to do something extraordinary not just for ourselves’ sake. We have always wanted to be something the older and younger generation would be proud of. For me, the dilemma is not within us. It is on how our parents and the people around us treat us and affects us. I admit our minds are not as weak as the minds of the little children. We cannot be easily manipulated. But we’re not also as fixed-minded as the older people. We need guidance. How can we be the hope of the country if our parents themselves don’t lead us to the right path? How can we be the hope if our parents themselves don’t believe that there is real hope from within us? How can we be the hope if our parents themselves cannot correct the mistakes we do? Just like Dodong and Blas, we are preoccupied of the thinking that we can do everything we want to; that we are ready to do the things that the older people can; that what we think is always right. Yes we can do everything if we really insist to but without the guidance of our parents or the older people who know better, we will never know if we are making the right steps toward the right road. They hold the key that runs the engine of hope within the youth. I still believe that we, the youth, is the hope of the motherland but this will just come to reality if the older generatio n, especially our parents know how to bring out the best in us. -Jogie Rodriguez Torres, BST- IV June 25, 2013

Deep Transverse Frictions Tissue Injuries Health And Social Care Essay

Deep Transverse Frictions Tissue Injuries Health And Social Care Essay The purpose of this essay is to consider the merits of deep transverse frictions in the treatment of acute and chronic soft tissue injuries. To facilitate this I have considered a wide range of research that has been conducted into the use of frictions. I have also considered the use of alternative therapies in the treatment of similar conditions in order to evaluate the effectiveness of deep transverse frictions in comparison to each of the other treatment methods. What is deep transverse friction? Deep transverse friction was developed for the treatment of soft tissue lesions by the British osteopath Dr. James Cyriax who postulates that deep transverse friction is effective in the reduction of fibrosis and facilitates the formation of strong, pliable scar tissue at the site of healing injuries. Deep transverse friction, which is also known as cross-fibre frictioning (CFF), can help to alleviate build up of the crystalline deposits that can form between tendons and their sheaths and result in painful tendonitis. It can also help to offset the development of myofascial adhesions and soften those that are already present. Deep transverse frictions should be administered with a braced finger or thumb moving across the grain of the muscle, tendon or ligament with a deep, non-gliding, friction stroke. It is not necessary to use a lubricant as this reduces friction. The therapists thumb and the clients skin should move as one over the exact site of the lesion to create a mechanical effect on the tissue being treated. The massage must be applied directly over the site of the lesion and at right angles to the fibres, the stroke must also be wide enough to divide the fibres without skipping over them. The treatment can be painful, but should always be conducted within the pain tolerance threshold of the recipient, and should be started only with the informed consent of the client. It is contraindicated during the initial inflammatory stage of an acute injury. Deep transverse friction may be utilised in the treatment of both acute and chronic conditions. Its uses include; à ¢Ã¢â€š ¬Ã‚ ¢ mobilisation of interstial fluid à ¢Ã¢â€š ¬Ã‚ ¢ reduction or modification of oedema à ¢Ã¢â€š ¬Ã‚ ¢ increase of local blood flow à ¢Ã¢â€š ¬Ã‚ ¢ decrease of muscle soreness and stiffness à ¢Ã¢â€š ¬Ã‚ ¢ moderation of pain à ¢Ã¢â€š ¬Ã‚ ¢ facilitation of relaxation à ¢Ã¢â€š ¬Ã‚ ¢ prevention or elimination of adhesions (Wieting 2004). There are a variety of massage techniques that can have physiological, neurological and psychological effects. These can be used to reduce pain and the formation of adhesion, mobilise fluids, increase muscular relaxation, and increase vasodilatation (Wieting 2004). Mechanical pressure on soft tissues displaces fluid which then moves in the direction of least resistance. Movement of the practitioners hand creates a pressure gradient resulting in small amounts of fluid leaving the soft tissues and entering the venous or lymphatic systems, improving lymphatic flow (Wieting 2004). In addition to its mechanical effects, deep transverse friction (and other massage techniques) causes the release of histamine which has a superficial vasodilatory effect that assists in the washing out of metabolic waste products. A noticeable decrease in lactate occurs in massaged muscles which can be associated with reduced muscle spasm, increased endurance and force of contraction. (Cox, 2007) Other beneficial effects of massage include decreased blood viscosity and increased hematocrit levels. There is also an increase in circulating fibrinolytic compounds along with substances such as myoglobin, creatine kinase, dehydrogenase, and glutamic oxaloacetic transaminase which probably represent local muscle cell leakage from the applied pressure. There is also release of endorphins and enkaphalin production (Wieting 2004). Impulses from the stimulation of superficial skeletal muscle fibres, cutaneous and spindle receptors reach the spinal cord and may produce segmental moderation and even somatovisceral reflex changes (Wieting 2004). The normal healing process may also be improved by the breaking of cross bridges, which will help to prevent abnormal scarring. The mechanical action of the technique causes hyperaemia and increased blood flow to the area (Brosseau et al 2002). In addition shearing stresses are created at tissue interfaces below the skin. e.g.dermis-fascia, fascia-muscle, muscle-bone interfaces, the deep pressure prevents shearing of superficial tissues and the shear force is directed at the deeper tissue surface interface (Wieting 2004). This helps release underlying adhesions and promotes improved circulation to the area (Lorenzo 2004). Sevier and Wilson (1999) describe vigorous cross friction massage for 5-10 minutes over the common extensor tendon perpendicular to underlying soft tissue structures in the treatment of lateral epicondylitis. Point friction may also be performed directly over the lateral eipcondyle and over the radial tunnel where it can be used in an attempt to reduce venous congestion at the extensor carpi radialis origin. This is a purely descriptive article of commonly used treatments for tennis elbow. No analysis of any evidence regarding the efficacy of any of these treatments is given. Disabella (2004) describes the use of friction massage in conjunction with ultrasound and/or electrical stimulation in the treatment of elbow and forearm overuse injuries. In a systematic review of the use of deep transverse friction massage in the treatment of tendonitis Brosseau et al (2002) found only 2 randomised controlled trials of sufficient quality. One of which looked at patients receiving treatment for iliotibial band friction syndrome and the other at tennis elbow. The outcomes of both studies suggest that transverse friction massage combined with other physiotherapy modalities does not significantly reduce tendonitis symptoms when compared to a control. However these studies were of small sample size making it difficult to draw conclusions regarding the benefits or not of treatment of iliotibial band friction syndrome or tennis elbow with transverse friction massage. The tennis elbow study looked at 9 sessions of transverse friction massage given over 5 weeks in combination with other physiotherapy modalities and in isolation. The comparison groups were as follows; à ¢Ã¢â€š ¬Ã‚ ¢ deep transverse friction massage with therapeutic ultrasound and placebo ointment compared with therapeutic ultrasound and placebo ointment à ¢Ã¢â€š ¬Ã‚ ¢ deep transverse friction massage compared with phonophoresis alone No difference was found in pain relief, grip strength and functional status between the groups. This study used double blinding and a sound randomisation procedure but did not report withdrawals and dropouts (Brosseau et al 2002). Another study of lateral epicondylitis was carried out by Smidt et al (2002). 185 patients with lateral epicondylitis of at least 6 weeks were randomised using computer generated block randomisation to 6 weeks of treatment with steroid injection, physiotherapy or wait and see policy. The physiotherapy arm of the study consisted of 9 sessions of pulsed ultrasound, deep friction massage and an exercise program over 6 weeks. Outcome measures were general improvement, severity of main complaint, elbow disability, grip strength and pressure pain threshold. Prior to the main study a reproducibility study on 50 patients was carried out that demonstrated good intertester reliability for the research physiotherapists carrying out the outcome measures. Intention to treat analysis was used and at 6 weeks injection was significantly better than all other options on all outcome measures. There was a high recurrence rate in the injection group. The physiotherapy package (which included frictions) gave better long term outcomes than injection but was no better than wait and see policy. Interestingly the wait and see policy had better long term outcomes than injection and physiotherapy that included transverse friction. In a review article containing a summary of the evidence for the effectiveness of interventions for the management of tennis elbow Nimgade et. al (2005) used the Cochrane Collaboration guidelines to assess the quality of the evidence reviewed. The Cochrane guidelines have 11 score items for internal validity, 6 for external validity and 2 for statistical criteria. Thirty studies were reviewed and the quality scores awarded to each study varied between 2 and 9 (out of a possible 11). Eighteen of the studies scored between 6 and 11 points giving an indication of good quality. It appears that relative rest will eventually improve function but the use of early active interventions including steroid injection and physiotherapy modalities may speed up recovery. The physiotherapy interventions reviewed included exercise and ultrasound alone and in combination with friction massage. These authors concluded that, patients who need a rapid return to work or usual activities, may benefit from one or two steroid injections for pain relief in the first few weeks or months and physiotherapy (which may include friction massage) at any stage. Smidt et al (2003) carried out a review to evaluate physiotherapy interventions for lateral epicondylitis. This was a well conducted review that found only one RCT with acceptable validity showing exercises were significantly better than ultrasound plus friction massage. The authors therefore concluded there was insufficient evidence for the effectiveness for most interventions and there was weak evidence that ultrasound may have a beneficial effect. For the treatment of sub acute bicipital tendonitis Gonzalez (2004) recommended physical therapy involving soft tissue therapy with transverse gliding of the tendon and cross-friction massage. In the trial reviewed by Brosseeau et al (2002) involving patients with iliotibial band friction syndrome deep transverse friction massage was used in combination with rest, ice, stretching exercises and ultrasound and this was compared to a control group receiving rest, ice, stretching exercises and ultrasound only. No statistically significant difference was demonstrated in pain relief after 4 sessions of friction massage combined with the other modalities. There was however a clinically important difference in pain when running. This study was not double blinded but this is difficult to do where rehabilitation interventions are concerned and can result in trials of such modalities having consistently low methodological scores. However withdrawals and dropouts were reported which is good practice but there were problems with the randomisation procedure (Brosseau et al 2002). In a summary of aetiology, pathology and treatment of temporomandibular joint syndrome Berman (2004) suggest friction massage may help inactivate trigger points due to temporary ischemia and resultant hyperaemia produced by a firm cutaneous pressure. In addition small fibrous adhesions in the muscle formed as a result of surgery, injury, or prolonged restricted motion may be disrupted. Many studies have used subjective and non validated scales for pain measurement and the use of combined treatments causes difficulties when trying to evaluate treatment efficacy (Brosseau et al 2002). This can make comparison of outcomes between different trials particularly difficult. In studies where a lack of effect is demonstrated there are a number of variables that can contribute to this. These include characteristics of therapeutic application (experience of therapist, rate, rhythm and depth of technique application), population (age, sex, occupation, sports), disease (acute/chronic) and methodology (blinding, randomisation, validated outcome measures, sample sizes, comparison groups, massage only group to assess specific effects) (Brosseau et al 2002). Comments Conclusions Despite a lack of good quality evidence to recommend either its inclusion or exclusion transverse friction massage is a widely taught, and used, physiotherapy treatment in the management of muscle, ligament, tendon injury and pain. The majority of the literature found seems to review the usage of transverse friction massage in the treatment of tennis elbow. There is a lack of good quality, randomised, controlled trials testing the efficacy of transverse friction massage either in isolation or as part of management package. Many papers are descriptive in nature of transverse friction massage being used in conjunction with other modalities. The literature regarding mechanical, physiological, neurological effects and possible mechanisms of action is speculative which could be due to such trials being difficult to conduct.

Singapore Banking and Finance Services Sector

Singapore Banking and Finance Services Sector Introduction What is the banking and finance services sector? Definition of banking and finance gives information of definition of banking and definition of finance. Finance means circulation of capital such as money and currency, or procurement and management of the capital, in connections with financing activities. Finance and banking service is Services and products provided to consumers and businesses by financial institutions such as banks, insurance companies, brokerage firms, consumer finance companies, and investment companies all of which comprise the financial services industry (InvestorWords, 2015). Two of both sectors are related to each other. What does this sector mean to the Singapore economy? Banking and Finance of Singapore economy is finance and banking services. In recent years, Asian countries are receiving attention from the world because they have an infinite of possibilities and capabilities such as enormous number of population, geographical position and abundant natural resources. Most of all, Singapore have grown up and developed rapidly. Since 1970’s, Singapore was called ‘four Asian dragons’ with several Asian countries, which are Hong Kong, Taiwan and South Korea because Singapore and those countries could become rapidly industrialized by cheap and plentiful labor and active export policy. Especially, Singapore have been developed by finance and banking services. Contribution of these sectors to the national economy Singapore economy could be developed by contributions of finance and banking services sector such as Job market and Financial Hub and attracting foreign direct investment and so on. Especially, the reasons of developing is that Singapore is a huge financial hub and attracting foreign direct investment. Early Singapore was limited land space and natural resources. To overcome those disadvantages, Singapore pursued trade liberalization. And to make the best use of a geographic benefit, this country intermediated trade. Therefore, Singapore is able to be a finance hub and attract foreign direct investment. Nowadays, Singapore is an international major financial trading hub to lift up its head in dealings of foreign exchange and the domain of asset management. Foreign-exchange market of Singapore is ranked top five in the world after London, New York, Zurich and Tokyo. And then, there is 110 number of foreign banks. The scale of asset management is about S$ 1trillion. Recently, Singapore is pushing forward a business of Islam finance. For attracting foreign direct investment, Singapore is a trade liberalization because there is a transport center by its conditions of a location. Because of using this benefit, there is total 5 container terminals and 45 berths. This container port processes one-fifth amount of international transhipment. Moreover, Singapore airport ‘Chang-I’ is connecting with 200 cities in 60 countries. There is 85 airlines. Second contribution is Job Market. According to improving Singapore’s finance and banking services, there is the number of foreign banks and businesses. It means that getting job in Singapore is able to be easy. And then, GDP per capita in Singapore also will increase. Below graph is GDP per capita in Singapore from 1960 to 2013. -GDP per capita of Singapore (GDP of Singapore, bln. Dollar, 1970-2013) According GDP per capita in Singapore line graph, the GDP per capita was rising steadily from 1970 to 2013. In 1960, the GDP per capita is only 925 USD. It is the lowest GDP per capita from 1970 to 2013, ranked 74th in the world. For example, the figure measured lower than GDP per capita of Indonesia (86 USD) and Malaysia (343 USD), which are Singapore’s neighbor countries, and then one of developing countries in the Asia currently. On the contrary, the highest GDP per capita was a near 54,649 USD in 2013. The measured value of GDP (54,649 USD) per capita is higher than some developed countries such as U.S.A (5126 USD) in about 6 times, Japan (2016 USD) in 2 times, and Germany (2712 USD) in 3 times. Generally, this graph is drawn by upward curve. (Kushnir, n,d) Challenges facing by this sector in the future Singapore economy has been improved by banking and finance services. However, the sector is able to face challenges such as dependency of global economy and other regional financial hub in the future. Singapore is the biggest Asia finance hub. Thus, economy of Singapore is exposed and influenced by global economic conditions. And then, it is shown by GDP of Singapore. GDP of Singapore, 1970 to 2013 (GDP per capita in Singapore, bln. Dollar, 1970-2013) The Above line graph illustrates GDP of Singapore from 1970 to 2013. Generally, GDP of Singapore draws upward curve. In 1970, GDP of Singapore was an estimation of 1.9 billion USD (United States Dollar). It is ranked 74th in the world. By 1980, the GDP slowly increased to about 12.08 billion USD. Moreover, after 1980, the GDP took a sharp increased from to 1997. However, from 1997 to 2004, the graph of GDP is generally decreasing by Asia economic crisis. The issue appeared from South Korea. Some of Asian countries tried to be capital decontrol. But without capital, the countries should take out a loan from IMF (International Monetary Fund). Thus, Singapore economy was also affected from Asia economic crisis. Eventually, most companies in Singapore ought to restructure with layoff, and is under threat of bankrupt. Nevertheless, once again, it steadily increased to the year 2013. In 2013, the GDP was about 297.94 billion USD. (Kushnir, n,d) According to GDP, after 2004, Singapore economy has been grown. However, from 1997 to 2004, had been decreasing because of Asia economic crisis in the period. It means that the same economic condition will be happened by global and regional economy in the future. Other challenge in Singapore is competitive from other regional financial hub. The number of Asian international financial centers (IFCs) such as Seoul in South Korea, Tokyo in Japan and Shanghai in China want to become international financial hub. Nowadays, the international financial centers of those cities are developing and making an effort, and then each cities are competitors of Singapore financial center. For example, one of the competitor, Seoul in South Korea, establish the Korea National Committee for Pacific Economic Cooperation (KOPEC). In 2007, KOPEC had a convention of an international conference in Seoul with 3 Asian countries such financial centers (Hong Kong, Seoul, Shanghai, Tokyo and Singapore). Another microeconomic challenge is a ‘Shortage of skilled talent’. In Singapore, is already international financial hub, there is the number of business and banks are having competitions. If employees in organization have shortages of skill and talent, they would not survive in the rapidly changing world economic situation. For example, ‘Accounting and writing skills are crucial’, ‘International talent in High demand at money-center banks’, ‘Marketing types wanted’, ‘Days of easy hours long gone’ and then ‘MBA optional’. They should develop their own skills and talents, and then may follow the economic flow. (Hean Hoo, 2015) Strategic planning by this sector in the present and the future In Singapore’s finance and banking services sector, there is the number of competitors such as banks and businesses as well as financial centers from other Asian cities. Singapore should have strategic planning such as training and education, and global innovation. Training and Education Most of organizations should train and educate their employees for the rapidly changing world economic situation for employees’ effective, accurate and practical performance of tasks. After training and education, the employees would be more developed. One of way in effective training and education is E-learning by developed technology. When organizations open online lecture, the employees may get the organization’s training and education through their Smart-Phone and Tablet PC. This kind of training for adults looks helpful and effective for them that they can be able to learn all of the necessary things that they need in improving their skills and techniques. (Stephanie, 2014) Stress testing and risk management Stress testing for risk management is one of the useful method for identifying how a portfolio would be fair during a period of financial crisis. One of the most general used ways of stress testing is ‘The Monte Carlo’ simulation. Moreover, this simulation technique is also used to be aware of how several risks will influence an organization and industry. Before an economic a financial crisis, using the simulation is able to detect and predict future economic crisis with solutions. Therefore, countries and organizations ought to do stress testing and manage future risks. Conclusion How the MAS supports this sector? The Monetary Authority of Singapore (MAS) is a Singapore central bank, a kind of Singapore government department. MAS has authority of regulation and supervision of Singapore finance and banking, and then it issues money and drafts a law of financial and banking policy. This department focuses on exchange rate rather than interest rate otherwise other central banks. According to developing Singapore, Singapore is complicated by the number of bank works with finance, so the government established ‘Monetary Authority of Singapore Act’ in January, 1991. (Monetary Authority of Singapore, 2014) What is the outlook for the future of this sector in Singapore? Nowadays, Singapore is one of the most developed countries in the world, as well as in Asia because of the finance and banking services. Through the GDP and the GDP per capita from 1970 to 2013, the graphs are illustrated that it has increased and grown up in the future. In the end, Singapore finance and banking services will be more by several contributions. However, Singapore will also face several challenges in the future, so the country should have strategic planning of the sector, and predict and manage future risks. References InvestorWords (2015) InvestorWords. Availanle at: http://www.investorwords.com/19080/financial_services.html [Accessed 15 May 2015]. Kushnir, I. (n.d) World macroeconomic research, 1970-2013. Available at: http://kushnirs.org/macroeconomics/gdp/gdp_singapore.html [Accessed 15 May 2015]. Kushnir, I. (n.d) GDP of Singapore, bln. Dollar, 1970-2013. Available at: http://kushnirs.org/macroeconomics/gdp/gdp_singapore.html [Accessed 16 May 2015] Kushnir, I. (n.d) GDP per capita in Singapore, bln. Dollar, 1970-2013. Available at: http://kushnirs.org/macroeconomics/gdp/gdp_singapore.html [Accessed 16 May 2015]. Hean Hoo, W. (2015) Economics Policy and the Global Environment LECTURE SLIDES. Kaplan/Dublin: Veritas. Stephanie, R. (2014) ‘Workplace Training and Education: Effective Methods for Training Adults’, Human Resources Blog, 17 Feburary. Available at: http://tribehr.com/blog/workplace-training-and-education-effective-methods-for-training-adults [Accessed 18 May 2015]. Monetary Authority of Singapore. (2014). Monetary Authority of Singapore. Available at: http://www.mas.gov.sg/about-mas/overview.aspx [Accessed 17 May 2015].