,GHQWLGDGH GD S¢JLQD
8VH R ORJRWLSR RX XPD LPDJHP
Q®WLGD FRP R QRPH GD HPSUHVD
RX XP SURGXWR SRSXODU
Ī
)D¨D XP WH[WR FXUWR TXH
GHVFUHYD R TXH ID] D HPSUHVD
H LQFOXD OLQNV H LQIRUPD¨¶HV
GH FRQWDWR
Ī
)D¨D DWXDOL]D¨¶HV DGLFLRQH
IRWRV Y®GHRV H OLQNV UHODFLRQDGRV
DR SURGXWR RX PDUFD DVVLP I¤V
SRGHP FRPHQWDU H FRPSDUWLOKDU
Ī
$SULPRUH D S¢JLQD FRP
DSOLFDWLYRV TXH SHUPLWHP SRU
H[HPSOR WUDQVPLWLU Y®GHRV
Ī
(QWUH QD S¢JLQD GLDULDPHQWH SDUD
SXEOLFDU DWXDOL]D¨¶HV H UHVSRQGHU
D FRPHQW¢ULRV
Ī
&RORTXH R ERW¤R &XUWLU HP VLWHV
H[WHUQRV DR )DFHERRN
Ī
$FRPSDQKH DV PªWULFDV QR
3DLQHO GH ,QIRUPD¨¶HV SDUD VDEHU
TXDO GLD GD VHPDQD DV SHVVRDV D
YLVLWDP PDLV H FRP TXH IUHTX«QFLD
FRPHQWDP HQWUH RXWURV
$Q»QFLRV
SRVV®YHO GLUHFLRQDU R DQ»QFLR
SRU ORFDO LGLRPD HGXFD¨¤R
WUDEDOKR LGDGH J«QHUR DQLYHUV¢ULR
UHODFLRQDPHQWR RS¨¶HV &XUWLU
LQWHUHVVHV H FRQH[¶HV &RQIRUPH RV
FULWªULRV VHOHFLRQDGRV ª H[LELGR
R Q»PHUR DSUR[LPDGR GH
XVX¢ULRV HQJOREDGRV
Ī
1¤R K¢ FXVWR P®QLPR GH
LQYHVWLPHQWR 'XUDQWH DV HWDSDV GH
FULD¨¤R GR DQ»QFLR K¢ XPD VLPXOD¨¤R
FRP XPD VXJHVW¤R VREUH TXDQWR GHYH
VHU SDJR SDUD WHU HILF¢FLD
Ī
&REUDQ¨D SRGH VHU SHOD
TXDQWLGDGH GH FOLTXHV RX GH
H[LEL¨¶HV LPSUHVV¶HV
Ī
'HILQD XP ODQFH GHQWUR RX
DFLPD GD IDL[D VXJHULGD
Ī
9HULILTXH R GHVHPSHQKR
GD FDPSDQKD
FRP IUHTX«QFLD
3$5$785%,1$5
68$3*,1$
OZ
B
FDSD
B
IDFHERRN
2E TjKMRE YQ ETPMGEXMZS HI jYHMS
HMWTSRMFMPM^EZE GMRGS XMTSW HI VMWEHE HI
GVMERpEW 8SHE ZI^ UYI EPKYqQ ETIVXEZE
E XIGPE ±TPE]² TEVE SYZMV YQ HSW jYHMSW
E 4ITWM HSEZE 97
k GEQTERLE
3W jYHMSW XEQFqQ TSHMEQ WIV
GSQTEVXMPLEHSW RSW TIV½W HS *EGIFSSO
9Q GSRXEHSV EYXSQjXMGS QSWXVEZE E
TVSKVIWWnS EVVIGEHEHE EXq GLIKEV k
QEVGE HI 97
QMP
6$& QR )DFHERRN
%W VIHIW WSGMEMW QYHEVEQ HI
JSVQE HI½RMXMZE GSQS IQTVIWEW I
GPMIRXIW WI VIPEGMSREQ )RUYERXS RSW
GEREMW GSRZIRGMSREMW HI 7%' 7IVZMpS
HI %XIRHMQIRXS ES 'SRWYQMHSV
E MRXIVEpnS EMRHE q FEWMGEQIRXI
YRMHMVIGMSREP SW YWYjVMSW KERLEVEQ
ZS^ I JSVpE IQ WMXIW GSQS S *EGIFSSO
4VSZMHSW HI YQ QIKEJSRI ZMVXYEP
SW GSRWYQMHSVIW GSRWIKYIQ I\TSV
ZMVXYEP GSQ FEWI REW MRJSVQEp~IW
HS TIV½P HSW YWYjVMSW 'SQ QEMW HI
QMP MRXIVREYXEW UYI GYVXMVEQ S
ETPMGEXMZS S 8LI 1YWIYQ SJ 1I RE
XVEHYpnS PMXIVEP HS MRKPsW S QYWIY
HI QMQ QIWQS EMRHE XIQ FEWXERXI
VITIVGYWWnS QIWQS ETzW ZjVMSW
QIWIW HS PERpEQIRXS WnS GIVGE HI
QMP YWYjVMSW EXMZSW TSV QsW %S
½REP HE QSRXEKIQ HE KEPIVME ZMVXYEP
S jPFYQ TSHI WIV GSQTEVXMPLEHS RS
QYVEP HS YWYjVMS
)RKIRLSWE XEQFqQ JSM E 4ITWM
ES TVSQSZIV YQE GEYWE WSGMEP I
ES QIWQS XIQTS EWWSGMj PE E WYE
MQEKIQ MRWXMXYGMSREP )Q EFVMP E
IQTVIWE PERpSY RS *EGIFSSO QEMW
YQE IHMpnS HE GEQTERLE IQ TEVGIVME
GSQ E SVKERM^EpnS 3TIVEpnS 7SVVMWS
TEVE FIRI½GMEV GVMERpEW GEVIRXIW UYI
TVIGMWEQ HI GMVYVKME TEVE E GSVVIpnS
HI PjFMS PITSVMRS I JIRHE TEPEXMRE
$V QRYDV P®GLDV V¤R
XPD IHUUDPHQWD TXH QRV
SHUPLWH GHVFREULU PXLWD
FRLVD VREUH R SHUILO GR
QRVVR S»EOLFR
H R TXH HOH SHQVD VREUH
RV VHUYL¨RV H SURGXWRV
TXH RIHUHFHPRV
.EUYIPMRI 1EVEWGLMR
%REPMWXE HI QEVOIXMRK HE 4VSGEH
$R VLPXODU XP PXVHX FULDGR D SDUWLU GRV
GDGRV GR SHUILO GR XVX¢ULR FDPSDQKD
7KH 0XVHXP RI 0H GD ,QWHO ID] VXFHVVR
FRQWLQXD
ORFDZHE