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Optimum Use of Water Resources
computers use, can be bought and sold as a commodity. Telecommunication is growing rapidly. "If all the banks shut their doors but maintained their telecommunications links", writes Smith, "it would still be possible for a monetary economy to continue in existence". At the centre of the global information power stands the International Business Machines Corporation, which is responsible not only for 70 per cent of the world's computer installations but is taking a giant stride toward consolidating its dominance through the new satellite technologies.