Neo-liberalism, when forced upon a developing country by a developed one, might as well be called colonialism. The same thing is accomplished, the economy is dominated by said developed country. Basically the relationship between most of Latin America and the U.S.
Sure, was just to precise that the IMF did the same with the rest of the world. We quite saw it in depth last year in one of my course at university, with a teacher who worked at lot in Africa, so, the concrete examples I've in head are from this continent. Quite ironically, it's now the turn to European people to slowly fall under the same neoliberal tyranny, Greece being the first victim for now. It it continues that way, Europeans will live in conditions similar to countries in the third world who are under the iron fist of IMF, WTO and World Bank. Except that here we're atttacked by our own organisations : UE and European Bank.
The IMF also did it to Poland following Solidarność's sort of revolution. If it wasn't for that, Poland would have likely stayed a socialist country, just independent from the soviet Union. South Africa might have become a socialist country too, if it wasn't for the IMF.
what's happening in the post-industrial countries is that because enough foreign markets are opened up now, large global corporations don't need any kind of strong middle class to keep demand high. So now, the goal isn't so much to further open markets, but to completely suppress anything coming out of the middle class. And when you have corporations that powerful, they can easily control our own governing institutions.