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The Information Technology Industry in 1981

The information technology industry, fed by the developments in microelectronics, is hailed as a shining example of economic growth in economies which are, at best, stagnant . While the gross national product of most Organisation for Economic Cooperation and Development economies declined in 1981, output in many sectors of the computer industry was growing by 30% . In the UK, however, the major computer manufacturer, ICL, was nearly bankrupt in 1981, and this was not just a UK aberration on the international scene of otherwise uncomplicated linear growth. This survey of the international computer industry looks at the worldwide crisis gripping the main sectors of the industry, situating ICL's weakness within a bigger picture .