"today Malaysia stands in a far better position than those countries who took IMF advice."

(Joseph Stiglitz 2002 “Globalization and its discontents”)

China too retained its capital controls and its economy grew by 8% a year while most of those in the region contracted.

"While the IMF had provided some 23 billion [to the east Asian governments] to be used to support the exchange rate and bail-out select creditors, the far, far smaller sums required to help the poor were not forthcoming"