A polarization transformer includes at least one plate of transparent polycrystalline material which has an optical axis oriented perpendicular to a propagation direction of incident radiation having a first polarization state. The plate includes electrodes for applying an electric field across a plane of the plate perpendicular to the propagation direction so as to provide controlled phase change such that the polarization of radiation transmitted through the polarization transformer is transformed from the first polarization state to a second polarization state. The plate in a preferred embodiment comprises a ferroelectric complex oxide such as lead lanthanum zirconate titanate (PLZT) material. Such a material provides devices that have very fast response (on the order of microseconds) and low insertion loss.