Essays / "The division of labor" - essay on globalization [7]

I'm thinking of attempting a competitive essay contest:

topic:

In The Wealth of Nations, Adam Smith wrote:

"The division of labor is limited by the extent of the market."

What light does this shed on the current movement toward globalization?
Are there dangers in having government facilitate it in any affirmative way?

Word Count: Essays must be 2,000-3,000 words

Deadline: 12 midnight (EDT), August 15, 2008

I am wondering if this is too little time to attempt 2-3,000 words. I'm relatively new to essay writing but I am pretty good at it. I can do 500 word essays in an hour very easily, so I'm trying to decide if this is plausible. The problem is, globalization is a very wide topic, and I am not familiar with any key figures associated with the issue. The website itself is a free market organization. So far in my research I am taking notes from the wikipedia entry, in order to try and find solid sources for more substantial information. Is this perhaps too big of a project to take on? What are some good research sources that might not be obvious? Could you give me any general thoughts on how to approach the research (if it's a good idea?)

I'm trying to decide between this or a 700 word essay, or both. The 700 word essay has a later deadline.