Emerging Role of Libraries in Today's Knowledge-Based Economy

Abstract

This paper examines the emerging role of libraries in today's knowledge-based economy. Concept of knowledgebased economy is an input of the mind, ideas and the ability of libraries to provide knowledge that may lead to career advancement and economic growth of nations. It is the application and exploitation of knowledge which play an important role in the wealth creation of individuals, organizations and countries. The paper looks at a knowledge-based economy, knowledge acquisition in a knowledge-driven Nigeria economy, education and roles library played. Also, it identifies the pillars, major structures, the main drivers, the competencies needed, roles of external bodies and barriers to a knowledge-based economy.