IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

Y2K: The Bug That Failed to Bite

Listed author(s):
  • 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.)

Registered author(s):

    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.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    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 look for a different version under "Related research" (further below) or search for a different version of it.

    Article provided by De Gruyter in its journal Business and Politics.

    Volume (Year): 3 (2001)
    Issue (Month): 3 (November)
    Pages: 1-29

    in new window

    Handle: RePEc:bpj:buspol:v:3:y:2001:i:3:n:3
    Contact details of provider: Web page:

    Order Information: Web:

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    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)

    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.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 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.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.