make into essay form and show in article citations - Historical Significance: Studying mercantilism allows you to understand the economic, political, and social structures of Europe from the 16th to the 18th centuries. Economic Theory Evolution: Mercantilism was an early economic theory that laid the foundation for modern economic theories. It introduced concepts like the balance of trade and protectionism, which are still relevant today. Impact on International Business: Mercantilism's emphasis on protectionism and national economic power shaped international trade policies. Understanding mercantilism can help you comprehend the historical roots of protectionism and its influence on global trade. Ethical Considerations: Exploring mercantilism in the context of biblical worldview, as discussed in Satterlee's "International Business: with Biblical Worldview," provides insights into the moral and ethical implications of economic policies