SCOTT B. MACDONALD is Chief International Economist at Maryland National Corporation International Bank. Prior to that, he was the senior international economist at American Security Bank in Washington, D.C. (1986-87) and the unit manager for international and specialized industries in the loan administration at Connecticut National Bank in Hartford, Connecticut (1985-86). Dr. MacDonald has written over 100 articles, appearing in such publications as The Times of the Americas, Journal of Interamerican Studies and World Affairs, and Caribbean Review. He is also the author of Trinidad and Tobago: Democracy and Development in the Caribbean (1986) and coauthor of The Caribbean After Grenada: Revolution, Conflict and Democarcy (forthcoming 1988). Currently, he is working on a fourth book, The Caribbean Basin Sugar Crisis: A Descent into Hell.