I’ll post a full review of this book on The Wine Economist in the near future, but the subject is so important and the analysis so timely that I wanted to get the word out as soon as possible. Hence this brief announcement.
Sustainable growth is the goal for most wine regions, but boom-bust cycles seem inevitable. Anderson analyzes Australia’s attempt to chart a course around the five major cycles of its wine economics history, ending of course with the current cycle that started in 1986 and is still unfolding.
The goal here is, first, to better understand the Australian experience through a clear and detailed examination of the evidence. Then it is possible to ask what lessons history offers for Australian wine and for the global wine industry more generally? The text, charts and tables provide much food for thought. Click on that link and get to work!
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Kangaroos in the vineyard? I don’t know if they are a common sight but we saw a pair much like these when we visited Hahndorf Hill Winery in the Adelaide Hills in 2013.