Explains why the transition economies experienced sharp decline after the breakup of the former Soviet Union. Offers some personal accounts and comments on prospects for future development in Central and Eastern Europe. Notes how people in these countries view the transition to market economies. (DSK)

Reports on interviews conducted with Ukrainian teachers who were asked whether they and others they know are better, or worse, off since Ukrainian independence. Addresses inflation, private enterprise, delayed salaries, and new freedoms. Provides insights into the effects of the transition on people's lives and hopes for the future. (DSK)