HISTORICAL CONTEXT AND IMPLICATION

The past is a great factor of what we have right now, it introduced new knowledge and
interventions to make our country better than before, it also provides a base of historical events
which help to understand more of happenings and problems that our country will be facing in
near future. This study will focus on the historical events that have a great impact on our
political, social, and economic development.
The political, social and economic development recently led to a great event as professionals
recognize the importance of solving and decision-making skills, in which it assesses how these
factors are affected by past events. As time goes by people develop things that have an impact on
this factor like PEST and PESTELI. PEST is an acronym which is developed by Francis J.
Aguilar in 1967 and up until now it is still used as a reference to tools and techniques for
scanning the business environment. This acronym has been circulating for a decade, yet it is still
popular among businesses. It is known first as ETPS means Economics, Technical, Political, and
Social but as time goes by it became PESTELI because of the additional letters Ecological
factors, Legislative requirements, and Industry analysis. This was developed to focus on a wider
business environment as it is an external and strategic thinking for the organization to anticipate
future business threats and as an avoidance to minimize its impact.
Therefore, past events and developments by the people will still be used soon to help the
organizations wider promotions and to know the playground or the field that they are playing
when competing with other businesses.
 ETHICAL DILEMMAS AND SOVEREIGNTY

Misinformation is a crime that can lead to death, or it is dangerous when people believe in it.
It is a sin that a lot of people are doing right now just to have a topic when they are together.
People often believe in what they hear and see only. They don’t want to hear the truth about such
things. The biggest factor that affects the thinking of the people are the News or the social media
in which it may lead to misinformation if the said broadcaster has no wide idea on what is really
happen. They only interview those who witness the crime, yet they don’t know what the root of
the said crime or event is.
It is dangerous when people don’t prioritize to know what really happened. Choosing not to
prioritize comes with some dangers. The following are the consequences when people neglect to
prioritize. A) When people do not prioritize, everything becomes important. B) If people don’t
prioritize, people can get overwhelmed with too many choices. C) When people don’t have a
clear sense of priorities, they can engage in multi-tasking by trying to do it all. D) If people don’t
prioritize, they will live in reaction mode. E) A lack of prioritizing can lead to burnout. A lot of
factors are affected when people don’t know how to prioritize their own understanding and ideas
on how to live with the lead information to make their life better.
Therefore, I conclude that information from social media and news should be studied well as
it will impact the viewers point of view and will be their base for their own reaction and on how
they will approach the said information.
 EFFICACY AND UNINTENDED CONSEQUENCES

The role of the political institutions in the economy is not an easy task. As it can affect their
own economy when the performance of the political institutions failed to do their own function
in the country. It has been delivered that economic institution such as regulatory institutions,
property rights and many more are what we call the major source for economic growth. This also
influences the trading factors, the advancing used of technology and the industrial production of
local goods. If these things did great in their own function, then people on the said country will
have a great factor to gain their own profits and can benefits more as their governance developed
the preexisting economic conditions and resource allocation for them. In other words, economic
institutions are endogenous (Acemoglu and Robinson 2006).
There are a lot of problems right now about the economic status as it decreased rapidly while
the local farmers suffer from its own. Local farmers need attention from the government about
what is happening right now in the internal market of the country as they have been the one
suffering from a loss in their own function and the production is affecting their own harvest. The
cost of living is increasing yet the country still exports things which can help to reduce the
inflation of the country.
I therefore conclude that the government should focus on its own internal market as this will
be the answer for the increasing inflation in the country for also for the farmer to feel at ease
because they can sell their own crops at a great price to gain from their own hardship and not
other country will benefit from it.