THE RELEVANCE AND SIGNIFICANCE OF KNOWLEDGE ECONOMY IN INFORMATION RESOURCE DEVELOPMENT FOR LIBRARIES IN NIGERIA

Abstract

Every change in human life comes with one effect or the other. Knowledge economy is, an epoch in human life, which establishes knowledge as one of its characteristics. Other characteristics of knowledge economy include emphasis on organization and human capitals, installation of modern enabling infrastructure such as computer, its accessories and other telecommunication devices and knowledge sharing. This paper discusses these characteristics of knowledge economy in relation to its relevance and significance to effective information resources development. Specifically, the paper focuses on the actions that need to be put in place in this epoch, to ensure a functional information resources development. The paper concludes that this change has come and the characteristics it comes with should be understood, so that they are properly managed for an improved information resources development in Nigerian libraries. It recommends among others, that on no account should these professional responsibilities be left in the hands of the untrained.