The first market crash after the word Globalization became a commodity is clear indication of how complex the world that we have has become. The Yale article on Globalization and Markets makes the point.
Complicated new financial tools outpaced the comprehension of regulators, bankers or customers
This is the danger of Complexity in GIXBang world. When Globalization is the focus - complexity increases without warning and it engulfs the world in dimensions not even comprehensible.
How to design globalization taking care of complexity is what Innovation should be focussing on - therein lies the play - the globalization, complexity and innovation as three pronged world dimensions need to be taken care of!!