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Globalization is not new to the world's 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 … New World and the consequent competitive pressure on the Old World in key import markets. Looking forward, the paper draws …
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Agricultural markets in OECD countries have long been highly distorted by government policies. Traditional weighted average aggregates of the price distortions involved, such as producer and consumer support estimates can be poor indicators of the trade restrictiveness and economic welfare...
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