The purpose of the paper is to show that the nature of the relationship between governance and democracy varies depending on how the two terms (of a political discourse) are defined, that when the definition of one term encompasses distinctive features of the other we find that governance and democracy are not just mutually reinforcing but even overlapping, that only when we distinguish on theoretical ground governance from democracy we create the basis for analyzing their relationship on empirical grounds exactly as Fukuyama had suggested.

https://ideas.repec.org/p/agd/wpaper/18-004.html