The Brenthurst Foundation in South Africa just released a good report on “The Consequences of Somaliland’s International (Non) Recognition” (PDF)
While generally sympathetic to recognition, it is a balanced analysis that looks at the pros and cons.
I believe it understates the problem surrounding Puntland’s claims to Sool and the eastern part of Sanaag regions in Somaliland. It concludes that “recognition would illustrate that African borders, far from being sources of insecurity, CAN [my emphasis] be a source of stability and enhanced state capacity.”
It CAN also have the opposite impact.