Globalisation creates complex, often contradictory impacts on informality in sub-Saharan Africa, leading to both growth and potential suppression of the informal sector, with outcomes dependent on factors like trade liberalization policies, institutional quality, and the specific sector. While economic globalization can fuel illicit trade and informal labor, it can also lead to greater opportunities, particularly through foreign direct investment (FDI) and technology transfer. However, weak manufacturing sectors and high commodity dependence can make sub-Saharan African countries more vulnerable to job losses from import liberalization, increasing informality. Good institutions, particularly strong legal frameworks, can mitigate negative effects by suppressing informality.
Globalization definitely have impact both positive and negative , However since that is contributory to facilitate development , we need instead to craft where our economy can have more advantage. Say for trade opennes which can be advantageuous for some but could also lead to displacement of others.As to the informal sector, their adaptability maybe compromised others can easily adjust while some may struggle. However with government intervention, negative effects of globalization can be eased.Support programs for possible integration can also be employed. We know as well that globalization create more new opportunities but pose many challenges thereby need to be focused on not to bring negative impact to the economy specifically to Sub Saharan region.
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