"Despite recent reforms, world agricultural markets remain highly distorted by government policies. Traditional indicators of those price distortions can be poor guides to the policies' economic effects. Recent theoretical literature provides indicators of trade and welfare-reducing effects of...

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...