I have a similar issue that was reported in
www.hikashop.com/forum/3-bug-report/1473...-showing-values.html
in that the state drop-down list isn't showing up on screen. However, if the country is changed, then the state drop-down will then be generated, so something is stopping it from populating it on the initial loading of the page. The frustrating part of this is, I have an online version of the same site, but it's working fine.
My offline version is the one that's not working.
I will take a back-up of it and create another version of the site tonight and see if the issue can be replicated, but I wondered if you had any suspicions about what may be causing the problem.
I'll post back again later when I've sorted a test site out for you to have a look at.
Cheers - Grant