How are developed nations and developing nations similar? (5 points)

When we compare developed and developing nations, the most obvious point of comparison is the fact that developed nations are more advanced economically and technologically than developing nations. However, both types of countries share some similarities. Developing nations have many of the things that developed nations have, including a good financial system, a system of taxation, laws that apply equally to all people, basic infrastructure and a significant working population. Moreover, developing nations are expected to continue growing until they reach the level of developed nations.

which time period is this? or is this story fictional, i'm going to need more info to answer this question