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Synopsis People in developing countries lived in relatively self-sufficient communities before the colonial rule by planted rice and other crops, fished and hunted for other food.  They have used the local resources and indigenous skills and also to some extent satisfied with available housing, clothing and other needs, which they have produced through village and cottage industries.  The modes of production and life style were largely in harmony with the natural environment.  Colonial rule imposed new economic systems, new crops, the industrial exploitation of minerals and participation in global market changed the social and economic structures of developing societies.  Developing world grew more and more dependent upon global trading and financial systems.  Transnational corporations setting up trading and production basis and selling products in developing countries.  IMF, World Banks and Trans national banks etc., were loaned billions of dollars to these poor countries to import highly capital  intensive technologies.