Knowledge Economy & Knowledge Management


Knowledge economy refers to the ever-increasing use and application of knowledge in all sectors of the economy. As outlined in Namibia’s Vision 2030 and NDP1, 2 & 3, the country should be a Knowledge -Based Economy by the year 2030. Therefore, there should be the development of viable, profitable and high value-added knowledge intensive industries.

Individuals and teams have goals. From these goals, we must learn using knowledge before, during and after drafting. Knowledge in people and networks must be captured and stored for usage in some matters. Leadership and our work environments must enable knowledge to take place.

The contribution of libraries to a Knowledge-Based Economy is providing access to targeted subject information which adds value to economic development activities. Knowledge centres concept focusing on indigenous or cultural knowledge should be created or established. Jay Liebowitz (2006: p. 16) say that, with the population”graying” and organizations facing potential knowledge drains, the advent and importance of KM and strategic human capital management play critical roles for society. A knoweldege-based economy (KBE) in Namibia can be achieved if knowledge audits and knowledge harvesting take place in organisations – both public and private.

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