Emerging Markets: Beer and Dishwashers

In emerging markets, just when people start to drink less beer, they buy more dishwashers. According to the American Association of Wine Economists (yes, really), as individual incomes rise to $22,000, so too does beer consumption. Then though, when wine…

Beer: An Economic Indicator

There appears to be a correlation between beer drinking and economic growth…up to a point. According to a paper from the American Association of Wine Economists (yes, really) the connection is an upside down “U.” As individual incomes increase up…