Brazil is one of the most important emerging economies in the world, in fact Brazil is part of the BRIC group of emerging economies together with Russia, India and China. Brazil differs in many ways from some of its emerging economy counterparts: unlike China (but similar to Russia and India), Brazil has a democratic form of government and the centre-left Workers' Party (Partidos dos Trabalhadores (PT) ) has ruled Brazil ever since. 2003. Unlike other emerging economies, the Brazilian economy is dominated by the service sector which contributes 67% of Brazil's GDP and employs 70% of Brazil's 100.77 million workforce. The other key sectors of the Brazilian economy are the industrial sector, which contributes 27.5% of the GDP and employs 19% of the Brazilian workforce, and agriculture, which represents 5.5% of the GDP and employs the 10% of Brazilian workers. Brazil has experienced a strong period of economic growth over the past decade, exemplified by the average growth rate of 4.4% in the five years leading up to 2010, which is much stronger than the average growth rate of 2.2% in the '90. This stronger growth rate as a percentage of GDP is shown in the chart below using data produced by the Brazilian government's Instituto de Pesquisa Econômica Aplicada (Institute of Applied Economic Research). Second, Brazil also achieved substantial improvement in economic development during this period. period of time. Brazil has higher than average levels of economic development compared to other Latin American nations and is ranked 73rd in the world in terms of economic development, this indicates that Brazil's economic development exceeds its economic growth as Brazil.. .... middle of paper ......Research – www.ipeadata.gov.brThe Guardian – www.guardian.co.ukThe World Bank – www.worldbank.orgBritish Broadcasting Corporation – www.bbc.co.ukThe Economist – www.economist.comThe United Nations Food and Agriculture Organization – www.fao.orgTrading Economics – www.tradingeconomics.comInternational Monetary Fund – www.imf.orgThe Brookings Institute – www.brookings.eduInstituto Brasileiro de Geografia and Statistics – www.ibge.gov.br/englishThe New York Times – www.nytimes.comUnited States Environmental Protection Agency – www.epa.govUnião da Indústria de Cana-de-Açúcar – www.english.unica.com.brInstituto Nacional de Pesquisas Espaciais – www.inpe.brNASA – www.nasa .govUnited Nations Development Program – www.undp.orgStratfor – www.stratfor.comThe Huffington Post – www.huffingtonpost.comThe Independent – ​​​​www.independent.co .uk