(Business 2.0) -- The editors have identified the Best business ideas in the world, which will appear here in a series throughout the next month. Check back daily for updates.

The term "Web 2.0" is used so widely these days, you'd think it was taking over the globe. And you'd be right.

The catchall phrase - used to describe websites that thrive on what their users make of them is no longer limited to the United States.

As Web 2.0 success stories like Flickr and Del.icio.us prove, this kind of technology is dirt-cheap to implement and borrows data freely available from other websites. A guy in his bedroom in Chile can come up with a novel way to navigate global classified ads - and, in fact, one has.

A lot of these global entrepreneurs are simply copying the biggest ideas in America's Web 2.0 canon. For every Digg.com, the popular U.S. site that lets readers nominate and vote on the most important news stories, there's a Yigg.de (the German version of the same).