Mexico is also in this category. In 1995, the Mexican peso collapsed and brought the dollar down with it. U.S. financial markets took a hard hit. Singapore, South Korea, and Taiwan are struggling with the Asian Contagion. Losing 1 out of 3 businesses to the Y2K Bug may be too much for them to endure.
Japan has the world's second largest economy - an economy in deep recession.
If half of all Japanese businesses suffer a mission-critical failure, all of Asia and the rest of the world is going to feel it. Germany has the largest economy in Europe. If half of all German companies are affected by the Y2K Bug, the rest of Europe will lose in a big way. Argentina, Colombia, and Venezuela represent much of the South American continent. India is the world's second most populous country.