The article states: "Every day, US$1,800 billion is traded on the world exchange market, an amount equal to 17 times Canada's annual budget. The growth of the financial economy since the collapse of the Bretton Woods agreements in 1973 naturally favoured the countries of the North to the detriment of developing countries."

1. What feature of globalization does this excerpt refer to? Describe two aspects of globalization that have proven harmful to developing countries.