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Varietals of CapitalismA Political Economy of the Changing Wine Industry$
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Xabier Itçaina, Antoine Roger, and Andy Smith

Print publication date: 2016

Print ISBN-13: 9781501700439

Published to Cornell Scholarship Online: August 2016

DOI: 10.7591/cornell/9781501700439.001.0001

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Microeconomic Support

Microeconomic Support

New Instruments in Old Bottles?

Chapter:
(p.192) 8 Microeconomic Support
Source:
Varietals of Capitalism
Author(s):

Xabier Itçaina

Antoine Roger

Andy Smith

Publisher:
Cornell University Press
DOI:10.7591/cornell/9781501700439.003.0009

This chapter focuses on the EU's microeconomic measures—subsidies for promotion, restructuring, and investment—that sought to improve the competitiveness of its wine producers and merchants. Although the 2008 reform placed a great deal of emphasis on regulatory policy tools as a means of reprogramming markets, the EU has not abandoned all budgetary support for the wine industry. Instead, the reform has transferred much of the money that was previously spent on grubbing out vines and distillation to microeconomic measures aimed at improving the competitiveness of individual firms and regional vineyards. This goal was strengthened by the invention of the notion of national envelopes that authorized member state governments to give differing levels of support to their growers and merchants through two types of subsidies: one to support marketing of EU wines in non-EU countries and the other for investments to improve a firm's production or processing capacity.

Keywords:   microeconomic measures, EU subsidies, wine producers, wine merchants, European wine industry

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