The aims of the paper are; 1) to clarify the distorted economic and agricultural structure in Namibia, that will limit the success of economic development under the Structural Adjustment Programme introduced by the World Bank and IMF. 2) to present the historical and systematical backgrounds which have established and supported the distortion of those structures. The findings are as follows; In Namibia, ‘the dependent trade connection’ with South Africa has established the distortion of the production structures which consists of 1) monocultural economy and 2) non-selfreliant production system. And this distortion has been supported by the ‘dependent capital connection’ with the same country. Furthermore, this ‘dependent capital connection’, in other words, South African companies and white minorities who have dominated the financial and industrial sectors in Namibia, has established the system which can acquire excess-cheap black labor easily, as well as given rise to 3) outflow of economical surplus to South Africa. As a result of this system, 4) circulation of dual economical structure, and 5) absolute poverty and low-technical-level of black majorities has been fixed.