The Pope: “The articulation of political authority at the local, national and international levels is one of the best ways of giving direction to the process of economic globalization. “
Annalex: “globalization is to be restrained on all political levels; especially on the national and local level”.
To give direction is to restrain. How is it opposite?
I disagree with your interpretation. Especially in light of all the other examples of the Pope's push for State control, benevolence (if there can be such a thing) and coordination of governmental powers in the encyclical.