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Table of Content Abstract 5 Summary 6 The Dominance and Limitations of Human Capital Theory

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Human Capital Theory does not Explain Fully the Use of Qualifications in the Workforce

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Human Capital Theory does not Recognise the Importance of Non-Utilitarian Studies

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Human Capital does not Account for Education’s Non-Employment Benefits

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Human Capital Theory does not Account for Colleges’ Institutional Role

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Alternative: Human Capability

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Productive Capabilities

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Vocational Streams

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Broader Resources, Institutions, and Social and Physical Infrastructure

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Implications of Case Studies

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Argentina: Capacity for Collective Action

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False Bay College, Cape Town: Physical Integrity

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Côte d’Ivoire: Minimal Infrastructure Requirements

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Ethiopia: Strengthening the Informal Economy

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Australia: Developing Institutions, Systems and Teachers

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England: Adequate Resourcing

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Germany: Trust and Coordination Between Social Partners

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Taiwan: Educating the Whole Person

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