Authors: Keith Smith
Addresses: Australian Innovation Research Centre, University of Tasmania, Private Bag 108, Hobart, Tasmania 7005, Australia
Abstract: 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.
Keywords: wine industry; wine technology; innovation; economic growth; wine output; wine trade; knowledge creation; industrial organisation; developing countries.
International Journal of Technology and Globalisation, 2007 Vol.3 No.2/3, pp.127 - 137
Available online: 02 Jul 2007 *Full-text access for editors Access for subscribers Purchase this article Comment on this article