Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Discuss Year 2000 Issues -- Ignore unavailable to you. Want to Upgrade?

To: NickSE who wrote (2682)	10/10/1998 5:35:00 PM
From: John Mansfield	Respond to of 9818

oecd.org The Year 2000 Problem: Impacts and Actions This report was developed in response to a request at the 1998 Council meeting at Ministerial level that the OECD "promote global awareness of the Year 2000 problem and its potential economic impact," and report to the Ottawa ministerial conference on electronic commerce of 7-9 October. The report, co-ordinated by the OECD's Public Management Service (PUMA), includes a review of economy-wide and sectoral impacts carried out by the Directorate for Science, Technology and Industry (DSTI), and a PUMA-written chapter on governments' role and actions, based primarily on responses to a questionnaire received from countries in June and July. The report was reviewed, updated and accepted under written procedure in early September by the PUMA Committee and the government "Year 2000 contacts" listed in this report. It is being published under the authority of the Secretary General. The Secretariat wishes to acknowledge the support of OECD Member countries, who provided information on government assessments and actions that was essential for development of this report. Also gratefully acknowledged are the contributions of Vladimir Lopez-Bassols (DSTI), primary author of Part I of this report, Sandra Prerost, who contributed to sections on small-and-medium-sized enterprises and the health care sector; Jian Pak, who provided valuable research assistance; and Daniel Blume, author of Part II and all remaining sections of the report. This report also would not have been possible without the support of a grant from the UK. This report will be distributed at the OECD Ministerial Conference on Electronic Commerce in Ottawa, 7-9 October, and at the Global Year 2000 Summit to be held in London, 15-16 October. TABLE OF CONTENTS EXECUTIVE SUMMARY INTRODUCTION Scope of the Problem Scope of OECD Report Methodology and Constraints PART I: ECONOMY-WIDE IMPACTS OF THE YEAR 2000 PROBLEM Current Status: Survey Evidence at The Firm Level Recent surveys Private sources Government surveys Status by sectors Energy Telecommunications Financial services Transportation Health care SMEs Government sector Other sectors Global/international initiatives Economy-wide Effects Country surveys Overall impact Figure 1.1 United States OMB budget for Y2K repairs Figure 1.2 Impact of Y2K on final demand in the Netherlands by sector, 2000 Table 1.1 Status of Y2K readiness by region and firm size, January 1997 Table 1.2 Y2K private sector readiness status by country Table 1.3 Y2K exposure and compliance by sector Table 1.4 Nuclear energy generation, 1997 Table 1.5 Y2K status of international telecom carriers, March 1998 Table 1.6 Government Estimated Budget Costs for Y2K Table 1.7 Macroeconomic effects of Y2K on the Netherlands' economy Annex Table 1. Estimates of Y2K fix costs PART II: GOVERNMENTS' ROLE AND ACTIONS Governments' Assessment of the Year 2000 Problem Policies and Priorities for Addressing the Problem The role of government Economy-wide priorities. Institutions for Co-ordinating Action and Awareness Public Management Approaches to Effective Implementation Reporting on preparations and compliance Budgeting and human resource strategies Regulatory strategies Information disclosure and liability issues Contingency planning Table 2.1 Sample of government Y2K priorities by sector Table 2.2 National Co-ordinating Bodies Table 2.3 Results of selected OECD Member country reporting on Y2K preparations CONCLUSIONS AND ONGOING CONCERNS ANNEXES ANNEX A: National and International Governmental Web Sites on the Year 2000 Problem ANNEX B: Government Contact Points ANNEX C: Questions to National Governments Regarding the "Year 2000 Problem" ANNEX D: International Recommendations for Government Action Joint Year 2000 Council World Information Technology and Services Alliance International Council for Information Technology in Government Administration ANNEX E: The OECD Internal Year 2000 Initiative REFERENCES ACRONYMS