ABSTRACT
In contemporary political science literature, governance has been defined as the process of making authoritative collective decisions. In this regard, while the state plays an important and irreplaceable steering role in the governance process, its governing capacity will depend very much on its power to bond different state institutions and major socio-economic actors together in the pursuit of collective interests. As a result of the growing importance of non-state actors such as business sector and civil society in the governance process, modern governance is not simply the imposition of control and directive from above, it is about managing the interaction between state and different socio-economic constituents. From this perspective, understanding modern governance means understanding the nature of the relationship between the state and major societal actors in the pursuit of collective interests.
