How Global Economic Shifts Changed the Wine Industry — For Better and For Worse -- TimeThe international wine market was a favorite subject for classical economists in the 18th and 19th centuries to help explain the benefits of free trade. Adam Smith advocated free trade in his opus, An Inquiry into the Nature and Causes of the Wealth of Nations. He wrote against the backdrop of mercantilism, which urged countries to export products to accumulate gold and import as little as possible so that they could husband their yellow metal.
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My Comment: A few months old, but this article is still relevant in today's wine market.
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