CP Violation and Prospects at B Factories and Hadron Colliders

We review the information on the CKM matrix elements, unitarity triangle and CP-violating phases $\alpha, \beta$ and $\gamma$ in the standard model which will be measured in the forthcoming experiments at B factories, HERA-B and hadron colliders. We also discuss two-body non-leptonic decays $B \to h_1 h_2$, with $h_i$ being light mesons, which are interesting from the point of view of CP violation and measurements of these phases. Partial rate CP asymmetries are presented in a number of decay modes using factorization for the matrix elements of the operators in the effective weak Hamiltonian. Estimates of the branching ratios in this framework are compared with existing data on $B \to K\pi,\eta' K, K^{*}\pi,\rho\pi$ decays from the CLEO collaboration.