UN General Assembly
1993

are undergoing a transformation to a new system with new civic and economic parameters. Our scholars, specialists and statesmen have not yet succeeded in proposing a programme of economic reforms in keeping with Ukraine’s real potential, its historical traditions and the mind-set of its people. And now we have to make major adjustments to the procedure and sequence of the reform process. Our goal is a market, socially-oriented economic system, directed at meeting the needs of our people. It should take into account economic interrelations that were, objectively, formed in the CIS, opportunities for foreign investment in our economy, and a step-by-step integration of the Ukrainian economy into that of the European Community and the world. Important steps have been taken in this regard. By adopting a law on ownership, the Verkhovna Rada has opened the road to privatization as the principal means for the transition to market-based economic relations. Important documents have been approved concerning the denationalization and privatization of enterprises, land and housing. Ukraine has declared its intention to become an