The document discusses emerging trends in library networks in the new millennium, including the growth of digital resources and collections, developments in digital library technologies, and the future of networked digital resources. Some key points discussed are the exponential growth of information, transition from physical to digital media, consortium approaches for accessing content, developing digital collections and repositories, and emerging technologies like semantic retrieval and knowledge sharing platforms. The future of library networks is envisioned to include fluid and transient multimedia resources, free and flexible virtual information spaces, global and personalized access, and more emphasis on informal knowledge exchange and social relationships.