Knowledge  is a key factor for development! Country which develops it research and education potentials  has the bright  future! Of course, as @Kamal stated, it is long term project with large scale financing!

By investing in and giving a higher share of GDP to education

A knowledge society generates, processes, shares and makes available to all members of the society knowledge that may be used to improve the human condition

As technologies are deployed to improve global information access, the role of education will continue to grow and change. Education is viewed as a basic human right.

For a society where reading and counting are a requisite for daily living, skills in reading, writing, and basic arithmetic are critical for future learning. However, in a knowledge society, education is not restricted to school. The advent of ICT allows learners to seek information and develop knowledge at any time and any place where access is available and unrestricted.

UNESCO has good documents.

Building inclusive Knowledge Societies

A review of UNESCO’s action in implementing the WSIS outcomes

ADVANCE VERSION

https://www.itu.int/wsis/review/inc/docs/ralfreports/WSIS10_ALF_Reporting-UNESCO.pdf

http://www.unesco.org/new/en/communication-and-information/resources/publications-and-communication-materials/publications/full-list/towards-knowledge-societies-unesco-world-report/

UNESCO has a strategy Toward Knowledge Societes! "Knowledge societies are about capabilities to identify,produce, process, transform, disseminate and use information to build and apply knowledge for human development. They require an empowering social vision that encompasses plurality, inclusion, solidarity and participation."

http://unesdoc.unesco.org/images/0014/001418/141843e.pdf

Sustainable knowledge societies cannot be implanted or artificially created in a cultural or economic ecosystem. It's growth and evolution should be organic and reflecting the state of enlightenment and innovation in totality. The knowledge societies that are incubated for economic or scientific purposes will be always confined to a limited scope. They will not diffuse into the larger social fabric unless it is natural.

All universities in the knowledge society are no longer restricted to producing the basic knowledge. Since organizations – private, government and civil society – are transformed into intelligent, learning organizations, we have to focus on how to deal with the new cultural change. 

Promotion of techniques that increase mental connectivity (e.g. RG with little time/space constraints) rather than physical connectivity  (class room teaching with much time/space constraints)?

Adding to the valuable comments made so far, I'd like to cite from UNESCO World report (cited in Ljubomir's post just a moment ago) what is needed for a sustainable knowledge society (my own emphasis added):

• Cultural diversity
• Equal access to education
• Universal access to information (in the public domain)
• Freedom of expression

So, there are not only requirements regarding the educational sector and ICT but also for citizen's rights (e.g., access to and dissemination of uncensored information). This might be a major problem for many societies.

Besides these requirements there is also the problem of digital divide, which restricts access to knowledge signicantly. Moreover, the important aspect of a reasonable level of information literacy is needed to have a somewhat inclusive knowledge society. My first paper published here in Thailand dealt with this (2004).

http://www.sci.nu.ac.th/sciencejournal/index.php/journal/article/view/17

In our region, the spirit of cooperation & joint work  between some universities is close to zero, although they are not far from each other, as I have just experienced last week. There is a need for intellectuals to move (independently) to establish knowledge societies which cross the boundaries & fences between universities. The first requirement is non-governmental financial support. Other requirements include,e.g. visits & correspondence to find out devoted scholars who are ready to participate effectively, carefully prepared road map for the functions & activities of these societies, and specification of the goals of these societies. We can learn from others: In the U.K., being a scholar at Bradford University has meant also being a scholar at all the neighboring universities inside Bradford city as well as those in Leeds, Manchester, and Sheffield. The ties between the universities were excellent & many societies were there to serve all with a final aim of working for the sake of the nation & for Great Britain.   

Thank you so much for your valuable contributions.

The two papers below explore the development of knowledge societies from two perspectives viz  (1) how knowledge is created, transferred and converted and (2) strategies for participating in the global knowledge economy

https://www.researchgate.net/publication/236941623_Building_a_knowledge_society_one_individual_at_a_time_a_multi-level_review

https://www.researchgate.net/publication/260638458_Strategies_for_enhancing_Jamaican_competitiveness_in_the_global_knowledge_economy

Working Paper Building a knowledge society one individual at a time: a mul...

Conference Paper Strategies for enhancing Jamaican competitiveness in the glo...