The document discusses the impact of the DotCom Bubble that occurred in California in the late 1990s and early 2000s. It led to a sharp decline in stock prices for many internet companies, with only a few like eBay and Amazon surviving. The bubble burst significantly impacted the economies of Ireland, India, China, and Japan in different ways. While Ireland's economy took a decisive blow, India benefited from the boom due to its large English-speaking population. China's IT sector was just emerging so it was not severely hurt. The impact on Japan was more limited since its IT investment was partial. The bubble is said to have burst due to the synchronized terrorist attacks on 9/11.