What is good governance?
Accountability - transparency - and predicatbility.
Countries that practice good governance will grow - globalisation of markets will benefit those that practice good governance.
Relationship between business and governmant:
1) government and civil service can be disconnected from all times but official ones.
2) technocratic state employees can identify national interest or development and pursue them impartially. They can defeat rent-seeking behavior.
Whats the diff between good governance and the devleopmental state?
Developmental state is about the interconnectedness of govt and business spheres. Good governance is about creating institutional arrangements that break down that connectedness and establish more instrumental relationships between the two.