The Argentine wine industry is the fifth wine producer in the world. Argentine viticulture has its root in the Spanish viticulture, as it was the Spanish settlers who brought vines and grafts to Argentina around 1550. The production of Argentine wine began cheaper to produce and export; this along with the influx of tourism spread the word about Argentine wine via exports and returning tourists. With the local disinterest in low quality wines, and the popularity of Argentine wines abroad, Argentina has seen incredible growth in the industry especially over the last five years. With inflation and the stabilization of the economy, the production of wine isn’t as cheap as it was in 2001, but investments on the upward of $1.5 billion dollars in the last ten years has shaped Argentine wine into a booming industry and a world competitor.