The second observation is the problem. The fact is that, contrary to you assertion, globalization does NOT offer equal opportunities for all countries to grow. In fact, for much of the Third World, the opportunity for real growth had been reduced by the quest for foreign exchange through exports.
Globalization makes export the only game in town and a race to the bottom the the rule.
First Calculation based on household surveys alone, that the GINI coefficient has worsen. This is not a Pareto improving situation. Barkley Rosser Secretary Summers said in India yesterday that the US government believes the success of the next round of WTO talks requires members countries to find common ground on labor and environmental issues, avoiding a situation where mobile capital can go shopping fot the least retrictive regulations. Although it is clear that Summers did not have it in mind, I submit that a movement away from inequality needs to be one of the aspects.