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The '''Year 2000 problem''' (also known as the '''Y2K problem''', the '''millennium bug''', the '''
While no significant computer failures occurred when the clocks rolled over into 2000, preparation for the Y2K bug had a significant effect on the computer industry. The fact that countries where very little was spent on tackling the Y2K bug (such as [[Italy]] and [[South Korea]]) fared just as well as those who spent much more (such as the [[United Kingdom]] and the [[United States]]) has generated debate on whether the absence of computer failures was the result of the preparation undertaken or whether the significance of the problem had been overstated.<ref>[http://news.bbc.co.uk/1/hi/sci/tech/590932.stm Was Y2K bug a boost? from [[bbc]].co.uk]</ref>
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