I'm not sure how to feel about all this. I like the idea of clearly defining the difference between the state and the government, but I'm leery of the sort of reaction that this might generate in the development community. It's a good justification for bringing warlords into the fold, as well as working on making governments more transparent, so it could either lend legitimate authority to tinpot dictators or work towards establishing sound governance. Eh, whatever. I actually suspect that IMF and World Bank won't much care anyway. Too much bureaucratic inertia to change policy anyway.
Do tight labor markets cause inflation?
6 hours ago