248($&217(&(1$68$9,'$48$1'292&Ç3$5$'(6(&2%5$5

248($&217(&(1$68$9,'$48$1'292&Ç3$5$'(6(
&2%5$5«

&RPSRUWDPHQWR0HQVDJHPGH5HIOH[mR3HUIHLWR

. 

$OJXPDVSHVVRDVOHYDPVXDVYLGDV
FRPRVHWLYHVVHPDVVLQDGRXP
FRQWUDWRQRH[DWRPRPHQWRHPTXH
QDVFHUDP/HYDUDPDTXHOHWDSLQKD
GRPpGLFRFKRUDUDP±SHODSULPHLUD
GHWDQWDVRXWUDVYH]HV±HDQWHV
PHVPRGHDEULUHPRVROKRVSDUDR
PXQGRHSDUDDYLGDFKHLDGH
SRVVLELOLGDGHVTXHOKHVHVSHUDYD
FRPSURPHWHUDPVHDVHUHPERQLWRVFRUUHWRVDGPLUiYHLVHEHPVXFHGLGRV

(VVDVSHVVRDVILFDPDVHFREUDUYLQWHHTXDWURKRUDVSRUGLD3UHFLVDPGHXP
ERPHPSUHJRGHXPDERDDSDUrQFLDXPDUHODomRLQYHMiYHOGLQKHLURQREDQFRH
FDVDSUySULD3UHFLVDPVDEHUDQWHVGRVGH]RLWRRTXHTXHUHPID]HUSDUDRUHVWR
GHVXDVYLGDV±HSURYDUDRVRXWURVTXHSRGHPQXPDSURYDGHYHVWLEXODU'Dt
SUHFLVDPWHUPLQDUDIDFXOGDGHID]HUPHVWUDGRWHUXPERPLQJOrVFDVDUHWHU
ILOKRV6yDVVLPDOJXpPTXHPVDEHOKHVGLUi³YRFrYHQFHXQDYLGD´

(VVDVSHVVRDVSUHFLVDPGHWXGRQRVFRQIRUPHVGHXPMHLWRTXHQHPPHVPR
VDEHPVHGHVHMDPUHDOPHQWHRXVHRPXQGROKHVHQVLQRXDGHVHMDUHRSLRU
HODVSUHFLVDPSUDMi

(ODVQmRVHGmRXPWHPSRSUDUHVSLUDUSUDHVFROKHUSUDGHFLGLU1mRHVSLDP
SHOREXUDFRGDIHFKDGXUDGHVXDVSUySULDVDOPDVRTXHGHIDWROKHVIDUiIHOL]HV

KWWSWKHVHFUHWWYEURTXHDFRQWHFHQDVXDYLGDTXDQGRYRFHSDUDGHVHFREUDU 
 248($&217(&(1$68$9,'$48$1'292&Ç3$5$'(6(&2%5$5

9mRVLPSOHVPHQWHVHGHL[DQGRFRQGX]LUSRUDTXLORTXHHVSHUDPGHODVGHXPD
PDQHLUDTXHIUDQFDPHQWHGiGy(ODVVHFREUDPHVHSDJDPGLDDSyVGLDDWp
TXHQmROKHVVREUHXPGLDVHTXHU

2PXQGRPRGHUQRSDGHFHFRPPLOKDUHVGHDOPDVDPDUJDVHPHQWHV
GHSUHVVLYDVSRUTXHDVSHVVRDVVHFREUDPDQWHVPHVPRGHVHFRPSUHHQGHUHP
6mRMRJDGDVGHVXSHWmRHPXPPXQGRFRPSHWLWLYRHDFDEDPHQWUDQGRQRMRJR
'HL[HHXWHGDUXPFRQVHOKRQmRHQWUDQmR6HDTXLHWD6HGiXPWHPSR6H
HQWHQGDSULPHLURHFRQYHUVDFRPDWXDDOPDDWpVDEHURTXHID]HU7HPRVWRGRR
WHPSRGRPXQGRFRPRGLULD5HQDWR5XVVR

2TXHHXTXHURGL]HUDHVVDVSHVVRDVpYRFrVQmRSUHFLVDPGHQDGDGLVVR2
FRQFHLWRGHVXFHVVRGRRXWURQmRSUHFLVD±HQmRGHYH±VHURVHX9RFrQmR
SUHFLVDVHUPDJUDWHUXPDSHOHVHQVDFLRQDOXPHPSUHJRPDUDYLOKRVRHXP
QDPRUDGRGHQWURGRVSDGU}HV0HQLQDHVFXWHDTXLYRFrQmRSUHFLVDFRUUHUQD
SUDLDWRGDVDVPDQKmVSUDILFDUHPIRUPDRXDUUDQMDUWHPSRSUDLUDR
FDEHOHLUHLURRXSDUDUGHURHUDVXQKDV9RFrQmRSUHFLVDFDVDUHWHUILOKRVSUD
VHUXPDPXOKHUGHYHUGDGH9RFrQmRSUHFLVDHVFROKHUDVXDSURILVVmRDWpTXH
VLQWDQRIXQGRGDVXDDOPDRTXHUHDOPHQWHTXHUID]HUSHORUHVWRGHVHXVGLDV

(PDLVGRTXHLVWRHVWiDEVROXWDPHQWHSHUPLWLGR±VHPSUHHVWHYH±PXGDUGH
LGHLD0XGDUGHDUHVGHFDVDGHHPSUHJRGHUHODFLRQDPHQWRGHFLGDGHGH
KWWSWKHVHFUHWWYEURTXHDFRQWHFHQDVXDYLGDTXDQGRYRFHSDUDGHVHFREUDU 
 248($&217(&(1$68$9,'$48$1'292&Ç3$5$'(6(&2%5$5

SDtV7RPDURXWURUXPR0XGDUTXHPYRFrp±HSRUTXHQmR"2QGHHVWiHVFULWR
QRVWHUPRVGHXVRGDYLGDTXHVXDVGHFLV}HVSUHFLVDPVHUHWHUQDV"

4XDQGRYRFrGHVFREUHTXHQmRSUHFLVDGHQDGDGLVVRTXHWHGLVVHUDPTXH
SUHFLVDYDFRPSUHHQGHTXHWHUVXFHVVRpWRPDUDVUpGHDVGDVXDYLGDDWpVDEHU
H[DWDPHQWHRTXHWHIDUiHVFDQGDORVDPHQWHIHOL](TXHYRFrSUHFLVDWmR
VRPHQWHVHVHQWLUEHPHPVXDSUySULDSHOH*RVWDUGHVHUTXHPYRFrpPHVPR
TXHLVWRQmRIDoDRPHQRUVHQWLGRSDUDRVRXWURV±QmRHVWDPRVDTXLSDUDID]HU
VHQWLGRPHVPR

9RFrVHOLYUDGRPDUWtULRGHFRUUHVSRQGHUjVSURMHo}HVDOKHLDVHHQ[HUJDDYLGD
WDOTXDOHODpXPOLYURHPEUDQFRHVSHUDQGRSHODVKLVWyULDVTXHYRFrTXHU
HVFUHYHU7DQWDVTXDQWDVYRFrSXGHULPDJLQDU9RFrGHVFREUHTXHRPXQGRp
JUDQGHGHPDLVSUDSHUPDQHFHUQRPHVPROXJDUHTXHLUDWUiVGRVVHXVVRQKRV±
DTXHOHVTXHYRFrVRQKRXGHIDWRHQmRDTXHOHVTXHMRJDUDPVREUHVHXVRPEURV
±pD~QLFDFRLVDTXHWHID]VHVHQWLUYLYDGHYHUGDGH

5HVSLUHDOLYLDGDPRoD$VXD~QLFDREULJDomRQRPXQGRpVHUIHOL]

KWWSWKHVHFUHWWYEURTXHDFRQWHFHQDVXDYLGDTXDQGRYRFHSDUDGHVHFREUDU