Word of the day: Amakudari

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In Japanese, 'amakudari', literally descent from heaven, describes the phenomenon of being employed by a firm in an industry one has previously, as a government bureaucrat, been involved in regulating.

A great word describing the unfortunate brain-drain that cripples many developing county regulators. The BBC gives us 19 more unusual foreign words. I need to try to work 'handschuhschneeballwerfer’ into a conversation soon.

Update: Tyler Cowen offers some excellent foreign words for rent-seeking, such as the Brazilian 'grilagem.'

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