IDEAS home Printed from
   My bibliography  Save this article

Y2K: The Bug That Failed to Bite


  • Story Jonathan

    () (Correspondence: Jonathan Story, INSEAD, Boulevard de Constance, 77305 Fountainbleau, France. Email:)

  • Crawford Robert J.

    (The authors would like to gratefully acknowledge financial support from the Global 2000 Coordinating Committee.)


This case, and the accompanying teaching note, is based on extensive interviews² in the early months of the year 2000 with many of the participants involved in Global 2000-an organization set up to preempt a possible global business meltdown as a result of the "Millenium Bug."³ Global 2000 emerged between November 1997 and April 1998 as a coordinated project among managers at various international banks to monitor suspicious private and public organizations from around the world, engage national and multilateral regulators, and develop and implement a workable strategy to forestall the worst potential consequences of the Year 2000 (Y2K) bug. This project involved maintaining control over a rapidly expanding network, establishing readily implementable procedures, setting incentives for a diverse community of players, and agreeing on effective country assessment charts. If they succeeded, they ran the risk of being criticized for crying wolf; if they failed, the world financial system would be at stake. This article tells the story of Global 2000's efforts to squash the Y2K bug and discusses the lessons of this story for our understanding of issues of collective action, network dynamics, and voluntary compliance.

Suggested Citation

  • Story Jonathan & Crawford Robert J., 2001. "Y2K: The Bug That Failed to Bite," Business and Politics, De Gruyter, vol. 3(3), pages 1-29, November.
  • Handle: RePEc:bpj:buspol:v:3:y:2001:i:3:n:3

    Download full text from publisher

    File URL:
    Download Restriction: For access to full text, subscription to the journal or payment for the individual article is required.

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bpj:buspol:v:3:y:2001:i:3:n:3. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Peter Golla). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.