The second decade of rapid globalization of the wine industry is assessed using a newly-published statistical compendium of global wine markets. A dozen observations are made from those data offer insights into key new opportunities and challenges associated with recent globalization forces. A...

Virtually all industries and households are affected by what has come to be called 'globalization', even though the term connotes different things to different people. On the one hand, economists think of it rather clinically as simply the lowering of transaction costs of doing business across...