Globalisation of the World's Wine Markets
Abstract
Globalization is not new to the worldâs wine markets, but its influence over the past decade or so has increased dramatically. This Paper reviews the effects of that on both the Old World and New World. In focusing retrospectively on the period since the late 1980s, it points to the dramatic increase in the industryâs export orientation and quality upgrading in the New World and the consequent competitive pressure on the Old World in key import markets. Looking forward, the Paper draws on a new model of the worldâs wine markets that distinguishes non-premium, commercial premium and super-plus premium wines in each of 47 countries or country groups spanning the world. It projects recent developments to 2005, based on income, population and taste trends on the demand side and vine acreage and productivity trends on the supply side of each market. The effect of a slowdown in the global economy in the medium term is also considered. The results expose numerous implications of recent and prospective developments on key wine-exporting regions.(This abstract was borrowed from another version of this item.)
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Bibliographic Info
Article provided by Wiley Blackwell in its journal The World Economy.
Volume (Year): 26 (2003)
Issue (Month): 5 (05)
Pages: 659-687
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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0378-5920
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Related research
Keywords:Other versions of this item:
- Anderson, Kym & Norman, David & Wittwer, Glyn, 2002. "Globalization of the Worlds Wine Markets," CEPR Discussion Papers 3169, C.E.P.R. Discussion Papers.
- C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
- F15 - International Economics - - Trade - - - Economic Integration
- F17 - International Economics - - Trade - - - Trade Forecasting and Simulation
References
References listed on IDEASPlease report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Giuliani, Elisa & Morrison, Andrea & Pietrobelli, Carlo & Rabellotti, Roberta, 2010.
"Who are the researchers that are collaborating with industry? An analysis of the wine sectors in Chile, South Africa and Italy,"
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- Elisa Giuliani & Andrea Morrison & Carlo Pietrobelli & Roberta Rabellotti, 2009.
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