Wine has become a serious growth industry in a number of New World and developing countries. As a product, wine has been around for many millennia, but is nonetheless changing fast in technological and economic terms. This paper introduces trends in wine output and trade, in the dynamics of knowledge creation and wine technology, and in industrial organisation. The paper argues not only that this industry offers major opportunities for new entrants (including developing countries) but also that it exemplifies a case of a traditional industry that has been technologically upgraded into a high-growth activity. Copyright © 2007 Inderscience Enterprises Ltd.

Item Type:	Refereed Article
Research Division:	Economics
Research Group:	Applied economics
Research Field:	Industry economics and industrial organisation
Objective Division:	Economic Framework
Objective Group:	Management and productivity
Objective Field:	Technological and organisational innovation
UTAS Author:	Smith, KH (Professor Keith Smith)
ID Code:	48845
Year Published:	2007
Deposited By:	Australian Innovation Research Centre
Deposited On:	2007-08-01
Last Modified:	2012-02-26
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