The Role of Libraries in Fostering a Knowledge-Based Economy Education

The significance of libraries in fostering a knowledge-based economy
education cannot be overstated in the present-day scenario of a rapidly evolving
information landscape. Libraries serve as pivotal hubs for knowledge generation,
dissemination, and preservation, and play a crucial role in supporting individuals,
organizations, and communities in acquiring and utilizing knowledge to catalyze
innovation, entrepreneurship, and economic growth. By providing access to information
and technology, imparting training in digital literacy and critical thinking skills, and
facilitating local content creation, libraries are instrumental in establishing the foundation
for a knowledge-based economy education.
The knowledge economy is generally referred to as the information economy and has
been observed to have witnessed significant growth in various sectors. Despite the
challenges in estimating the size of these sectors, most studies have resorted to
evaluating the contribution of the knowledge economy sectors to the Gross Domestic
Product.
Education in a knowledge-based economy education focuses on providing hands-on and
real-world learning experiences, as well as teaching interdisciplinary and collaboration-
oriented problem-solving methods. This education aims to cultivate creativity, flexibility,
and a lifelong learning mindset, as the constant advancements in technology and shifting
market dynamics require individuals and organizations to continuously adapt and evolve.
By collaborating with businesses, governments, and other organizations, libraries can
aid in bridging the digital divide and guarantee that every individual has the chance to
participate in and reap the benefits of a knowledge-based economy education.

The present study aims to use the review of related researches as a technique for data
collection and a narrative review, a systematic review, or a meta-analysis in order to
achieve its established objectives.
As knowledge-based economy education becomes increasingly vital, numerous libraries
are encountering difficulties in providing effective support for this form of learning. The
aim of this research is to study the obstacles faced by libraries in promoting a
knowledge-based economy education and to uncover the most efficient techniques and
strategies for overcoming these hurdles.