3(7(5 52%(576(1 0,02 $17=(5.,$
(7$ =8. =(5 867( '8=8" ¢< 7Ã&#x2019; 48e 23,1$6"
0,0$57( 352*5$0$5(1 (%$/8$=,2 255,$ +HUULD /RFDOLGDG
(PDQDOGLDUHQ GDWXDN 'DWRV GH OD DFWXDFLyQ
'DWD )HFKD
6(;8$ *(1(52 $',1$ *L]RQD++RPEUH ('$' (PDNXPHD 0XMHU '%+ (62
,7 &DStWXOR
2UGXD +RUD
%DW[LOHUJRD %DKLOOHU
=LNORDN &LFORV
HGR JHKLDJR
%HVWHDN 2WURV
0HVHGH] PDUNDWX ODXNL EDNRLW]HDQ SURJUDPDUHQ HEDOXD]LRD 3RU IDYRU HYDO~D HO HVSHFWiFXOR PDUFDQGR ODV FDVLOODV FRUUHVSRQGLHQWHV FRQ XQD ³;´ LQGLFDQGR WX JUDGR GH DFXHUGR FRQ FDGD IUDVH *DLDN *X]WL] 'HVNRQIRUPH $GRV *X]WL] DGRV GHVNRQIRUPH (Q 'H DFXHUGR 7RWDOPHQWH (Q WRWDO GHVDFXHUGR GH DFXHUGR GHVDFXHUGR $QW]RNLD HJRNLD DO GD LNXVNL]XQHUDNR" (O DXGLWRULR HV DGHFXDGR SDUD OD DFWXDFLyQ ,NXVNL]XQDUHQ ,UDXSHQD HJRNLD DO GD" /D GXUDFLyQ GHO HVSHFWiFXOR HV DGHFXDGD ,NXVOHD VHQWLNRUW]HQ SHQWVDUD]WHQ HWD VHQWLDUD]WHQ GX " (O HVSHFWiFXOR VHQVLELOL]D KDFH SHQVDU \ VHQWLU ,NXVNL]XQDUHQ HUULWPRD GLQDPLNRD SDUWH KDUW]DLOHD« (O HVSHFWiFXOR HV GLQiPLFR SDUWLFLSDWLYR ,NXVNL]XQDN LQIRUPD]LR EHUULD HPDWHQ GX (O HVSHFWiFXOR IDFLOLWD LQIRUPDFLyQ QXHYD ,NXVNL]XQDN LQIRUPD]LR HUDELOJDUULD HPDWHQ GX (O HVSHFWiFXOR IDFLOLWD LQIRUPDFLyQ ~WLO ,NXVNL]XQDN DONRKRODUHQ NRQWVXPRDUHNLQ HUOD]LRQDWXWDNR DUULVNXHL EXUX] RKDUWDUD]WHQ GX $GYLHUWH VREUH ORV ULHVJRV GHO FRQVXPR GHO DOFRKRO ,NXVNL]XQDN EDNRLW]DUHQ NRQWVXPR RKLWXUHQJDQ SHQWVDW]HQ ODJXQW]HQ GX $\XGD D SHQVDU VREUH HO FRQVXPR GH DOFRKRO 6DLODN HEDOXDW]HNR EDW RVR JDL]NL HWD RVR RQGR WDUWHDQ GRDQ ³;´ EDWHNLQ PDUND LW]D]X (YDO~D ORV VLJXLHQWHV DVSHFWRV PDUFDQGR XQD ³;´ HQWUH PX\ PDO \ PX\ ELHQ (VNHQLILND]LRD PDNLODMHD PXVLND DUJLD HWD VRLQXD 3XHVWD HQ HVFHQD PDTXLOODMH P~VLFD OX] \ VRQLGR $NWRUHDUHQ LQWHUSUHWD]LRD ,QWHUSUHWDFLyQ GHO DFWRU ,NXVNL]XQDUHQ HEDOXD]LR RURNRUUD (YDOXDFLyQ JOREDO GH OD DFWXDFLyQ =XUH HWD ]XUH ODJXQHQ DONRKRO NRQWVXPRD DGLHUD]L 7X FRQVXPR GH DOFRKRO \ HO GH WXV DPLJRV DV HV« $VNRWDQ +DELWXDO %DW]XHWDQ 1DEDULD )UHFXHQWH $VWHUR HGR DVWHEXNDHUHWDQ 7RGDV ODV ,QRL] 1XQFD 2FDVLRQDO HJXQHUR D GLDULR VHPDQDV R ILQHV GH VHPDQD =XUHD 7~ =XUHD ODJXQHQD 7XV DPLJRV DV .RQWVXPLW]HQ EDGX]X DGLHUD]L ]HQEDW DVWHUR MDNLQH] NRQWVXPL]LR EDWL W[XSLWR EDW HGR EDVR EDW DUGR HGR NRSD EDW HGR NDxD EDW GDJRNLROD 6L FRQVXPHV LQGLFD OD FDQWLGDG GH DOFRKRO TXH EHEHV D OD VHPDQD HQWHQGLHQGR TXH FRQVXPLFLyQ HTXLYDOH D XQ FKXSLWR XQ YDVR GH YLQR XQD FRSD XQD FDxD LQGLFD HO Q~PHUR GH FRQVXPLFLRQHV « D]SLWLN HWD WDUWHDQ HWD WDUWHDQ HWD WDUWHDQ HWD WDUWHDQ JDLQHWLN PHQRV GH (QWUH \ (QWUH \ (QWUH \ (QWUH \ 0iV GH .RQWVXPLW]HQ EDGX]X ]HLQ GD JHKLHQ HGDWHQ GX]XQ HGDULD" 0DUND H]D]X ³;´ EDWHNLQ 6L FRQVXPHV EHELGDV DOFRKyOLFDV ¢FXiO HV OD EHELGD TXH PiV FRQVXPHV" ,QGLFD FRQ XQD ³;´ $UGRD 9LQR .DxD &DxD .RSD &RSD R &RPELQDGR %HVWH EDW]XN 2WUDV %HVWH SHUWVRQHL LNXVNL]XQ KDX JRPHQGDWXNR DO ]HQLHNH" ¢5HFRPHQGDUtDV HVWH HVSHFWiFXOR D RWUDV SHUVRQDV" 6t EDL 1R H]