00579nam a2200097Ia 450000500170000010000160001724501030003326000090013652003170014558300190046220260716043338.0  aGAFAR, John  aMacroeconomic performance and external shocks on small, open economies : the Caribbean experience.  c1996  aDiscusses various types of external shocks, and presents some statistical estimates of the costs and benefits associated with external shocks.  Argues that an outward-looking trade policy forces factor and commodity prices to reflect their scarcity values, and results in a more efficient allocation of resources  c3/7/00kM2LMGR