Incl. abstract in English, German, French, Spanish and Russian; bibliographical references Although education is identified as a key determinant of economic development and property eradication, this relationship is only possible when educationists are able to provide a comprehensive picture of the educational process in working life. In this paper it is argued that if systems of education and
... [Show full abstract] training are to cater to both the formal and the informal labour markets, then they need to take into account the traditions and values of the system of vocational learning in working life, cater to the requirements of local development and be based on an understanding of the kinds of competencies people in the informal economy want, need and utilise, the socioeconomic and cultural contexts within which they work, and how they cope and sustain their livelihood strategies