Sunday, November 3, 2019

International Project-Brazil Essay Example | Topics and Well Written Essays - 750 words

International Project-Brazil - Essay Example There has been large variations and inequalities in income in the recent past owing to inflation, but have overcome these economic complexities. It is one of the fastest growing economies in the world with GDP growth of 5%. The Brazil economy ranks the eighth largest economy in terms of nominal GDP and ninth largest in terms of purchasing power. The service industry is the largest contributor of GDP at 66% which is followed by the industry and agriculture sectors. Brazil has the 2nd biggest industrial sector in the Americas having diverse industries such as automobiles, steel, consumer products, computers to aircrafts. The Brazilian government has also introduced many programs to accelerate the growth and development of the economy. (Economy of Brazil, n.d) Brazil has developed drastically in the recent past in agricultural, mining, manufacturing and service related sectors. It is considered as one of the fastest growing economies in the world. The growth cycle in Brazil has been con sistent and ongoing since 1970. Given below the per GDP average from 1981-2008. The legal system in Brazil is based on codes and legislation which are controlled at the federal, municipal and state level which are based on Roman- Germanic traditions. Municipalities and federal districts have laws which do not contradict the federal constitution. The legal system is based on the civil law tradition and the country is ruled by the federal constitution. The highest court in Brazil is the supreme tribunal. There are a specialized court for military and labor and the usually the jurisdictions are handled and administered by judiciary entities. Brazil is a federal district and federal republic with 26 states. It is made of Executive, legislative and judicial branches and usually the president of the country can hold up the position for 4 consecutive years and can have his own cabinet ministers. The current

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