International records / OpenAlex research

Role of Knowledge-Based Economy on Poverty Alleviation and Unemployment Reduction in Nigeria

The rise of the knowledge-based economy is closely linked to globalisation and recent advancements in technology. This paper explores how adopting a knowledge-based economy can help reduce poverty and unemployment in Nigeria. The concept emphasizes that information and knowledge are central to a nation's economic growth and development. Technological advancements and innovation drive the knowledge-based economy by influencing production methods, consumption patterns, and the structure of economies. A knowledge-based economy significantly utilises human capital to generate new knowledge, techno…