How globalisation impacted on small and informal businesses in Zimbabwe

Abstract

ABSTRACT This paper explores the impacts of globalisation on small and informal businesses in Zimbabwe. The Zimbabwean economy has over the last two decades been dependent on small and informal businesses after the country went through a shattering economic crisis that witnessed the collapse of its once flourishing industry. In the wake of this failing formal economy, small informal businesses emerged as a strong alternative economy that has created employment and livelihoods for most of the urban populace. However, in a world that is increasingly contracting and fast becoming one, globalisation has had its impact on these businesses. This paper uses data collected in Norton and Harare through in-depth interviews and ethnographic observations as well as secondary sources to explore and understand the finer details of how the phenomenon has affected small informal businesses in Zimbabwe both positively and negatively over time.