The increased poverty will make the present economy look good. Moreover, in the case of Yugoslavia, they will do much more. The fact that the West now smiles at Yugoslavia is most deceptive. This brings us to error three. The IMF does NOT install capitalism.
Liquidation is the key here.
These measures kill domestically controlled economies, whether they are private, socialist or mixed. The local economy and people become carcasses to feed the NATO sharks. Koreans were barred from the process - even rich Koreans. This is not hyperbole. The major Korean industries are now owned by these leveraged buyout characters.