This five-page senior level paper discusses the transitional phase of Ukraine that has been going through all sorts of problems commonly associated with a transitional economy. Ukraine is now an independent state for last 10 years but unfortunately it ahs failed to gain much from its independence both in terms of economy and politics. The country is currently facing a painful economic situation where inflation rate is very high, corruption is prevailing in all state departments, institutions are not properly managed and in short the prospects for Ukraine's future are gloomy. 5 pgs. Bibliography lists 3 sources.
