Knowing is not
enough: engaging in the knowledge economy

Stellenbosch  Symposium / IFLA Presidential Meeting 2010

The knowledge economy
is based on the
production,
distribution,
and use of Knowledge
as the main
driver of growth, wealth creation,
and employment
 across all industries

 

 

About
"If one assumes that knowledge resides in the intellect and that information is how it is communicated, then information is the source from which new knowledge is created and the means through which it can be shared, organised and put to use to create new products and services" (CILIP).

Knowledge, new and old, is a significant driver for growth, wealth creation and employment. In the developing world it must be viewed as the catalyst for the stimulation of economies and development with positive spin-offs such as reduction in poverty and illiteracy and, the elimination of dreaded diseases.

Knowing the significance of information in the knowledge economy is not enough, libraries need to play a more significant role in or contribute more substantially to the knowledge economy. Given that information is the core business of libraries, the onus is on libraries to drive access to information for knowledge production. The objectives of libraries in a knowledge economy, as indicated by the National Knowledge Commission of India, is to disseminate knowledge widely, serve as a major vehicle to facilitate creation of new knowledge, facilitate optimal use of knowledge by all sectors of the economy, and ensure easy access to knowledge by all.