The Y2K Problem: Technological Risk and Professional Responsibility Mark Manion Drexel University rnanionrn@drexel.edu William M. Evan The Wharton School University of Pennsylvania Given the widespread diffusion and complex interdependencies existing between companies and countries throughout the industrialized and developing worlds, the potential confusion resulting from this built-in technological failure could be truly global in nature. The OECD reports that there exist much dissimilarity between the various countries in terms of their Y2K compliance and readiness. Since the Y2K problem is a "systems" problem, viz., even if one country gets its house in order, countries that have not done so may still adversely affect it. In fact, severe economic consequences such as a major global recession are predicted, says Dr. Ed Yardeni, chief economist and managing director of Deutsche Bank Securities. Yardeni predicts, "It could be as bad or worse than the 1973-1974 global recession. ''2 Yardeni is not alone in his prediction. 3 he Y2K problem evokes two contrasting responses: technological optimism and technological pessimism. The optimist sees the Y2K problem as only a potential technological failure, mostly because s/he has boundless confidence that is can be solved by technology, through rigorous compliance procedures. The pessimist, on the
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The Y2K problem: technological risk and professional responsibility
Manion, Mark; Evan, William M.
Follow ACM SIGCAS Computers and Society
, Volume 29 (4)
Association for Computing Machinery – Dec 1, 1999
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