Second, the legal systems of the two countries are poorly articulated. First, for Russia as for Nigeria, state policy is inconsistent and thus makes investing more risky. (That this analogy is now widespread in Moscow is suggested by the simultaneous appearance of another article, this one by Petr Svoekoshtny on the portal entitled “Northern Nigeria” (/article/7/russia/).)Īccording to Polunin, the Coca-Cola HBC report makes five basic points. In an article posted yesterday on the “Svobodnaya pressa” site and entitled “Nigeria in the Snow,” commentator Andrey Polunin said that in the view of foreign investors as expressed in a report by the Swiss Coca-Cola HBC, “Russia stands closest of all to … Nigeria” becaue of the nature of its political and economic system (/society/article/64866/). ![]() Now, the analogy is being made by Russian analysts, horrifies Western business interests, and suggests that it is precisely Russia’s similarity with Nigeria on a wide range of economic and political measures including corruption and government inefficiency that is the heart of the matter and cannot be obscured by snow. In the earlier time, the analogy was made by a Western political leader, horrified Soviet citizens, and suggested that Russia’s military strength was the thing that set it apart from a much weaker country. The three differences between these declarations tell a great deal about the path that Russia has followed over the last generation. Staunton, February 28 – Twenty-five years ago, German Chancellor Helmut Schmidt characterized the Soviet Union as being an “Upper Volta with missiles.” Now, Russian analysts, in response to findings of a Swiss firm, have suggested that a better analogy might be between the Russian Federation and a “Nigeria with snow.” But poor Upper Volta had aĪnyway, I don't see why the aforementioned bigwigs should get the creditįrom ‘ Upper Volta with Missiles’ to ‘Nigeria with Snow’. Their country Burkina Faso for quite some time. Bad luck that the Upper Voltans had actually been calling Non-journalist woman who happened to be a Zimbabwean, and I thought I'd In fact, I had previously heard a thought expressed rather similarly by a "rabid anti-Sovietism" etc in the Soviet press. The phraseĬaused some enjoyable offence at the time, and I was castigated for my Summer of 1987, I think, when I was the correspondent in Moscow (1986-89)įor The Daily Telegraph (London) and The Sunday Telegraph. Sorry, but it was I who first put it into public print. Henry Kissinger, Helmut Schmidt and even Mikhail Gorbachev have Times recently in DJL, with occasional passing discussion as to its This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.I notice that the phrase "Upper Volta with rockets" has popped up a few NASDAQ data is at least 15 minutes delayed. NYSE and AMEX data is at least 20 minutes delayed. Visit to get our data and content for your mobile app or website. Visit Performance Disclosure for information about the performance numbers displayed above. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. The monthly returns are then compounded to arrive at the annual return. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. These returns cover a period from Januthrough July 4, 2022. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.41% per year. ![]() This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. and Morningstar, Inc.Ĭopyright 2022 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606Īt the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Forbes Media, LLC Investor's Business Daily, Inc. Each of the company logos represented herein are trademarks of Microsoft Corporation Dow Jones & Company Nasdaq, Inc. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein.
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