&yPRXVDUORVFRQWUROHVGHODFDPSDQD
0(025<2))
PHPRULDDSDJDGR
3DUDFRQILJXUDUODPHPRULD
$
3UHVLRQHHOERWyQ
0(025<2))
%
,QJUHVHODVFRQILJXUDFLRQHVGHVHDGDVGHYHQWLODFLyQ
\GHOX]
&
3UHVLRQHHOERWyQ
0(025<2))
GHQXHYRSDUD
JXDUGDUHVWDVFRQILJXUDFLRQHV
&RQVXVFRQILJXUDFLRQHVGHVHDGDVHQODPHPRULD
SUHVLRQHHOERWyQ
0(025<2))
SDUDUHVWDEOHFHUORV
QLYHOHVGHYHQWLODFLyQ\GHOX]DVXVFRQILJXUDFLRQHV
JXDUGDGDV(VWDVFRQILJXUDFLRQHVSHUPDQHFHUiQ
HQODPHPRULDKDVWDTXHVHPRGLILTXHQXRFXUUDXQ
FRUWHGHHQHUJtD
3DUDDSDJDUODFDPSDQDSUHVLRQHHOERWyQ
0(025<2))
/,*+7
OX]3UHVLRQHR²SDUDVXELUREDMDUHOQLYHOGH
OX]KDVWDODFRQILJXUDFLyQD\GRVQLYHOHV
GHOX]
/2:
>EDMR@
+,*+
>DOWR@\2))DSDJDGR6L
FRQWLQ~DSUHVLRQDQGRORVERWRQHVR²ODOX]VH
GHVSOD]DUiDWUDYpVGHODVFRQILJXUDFLRQHV
127$
&RQWUROHTXHVyORVHLQVWDOHQERPELOODV
GHYDWLRVPi[LPR
)$1
YHQWLODGRU3UHVLRQHR²SDUDVXELUREDMDU
HOQLYHOGHOYHQWLODGRUKDVWDODFRQILJXUDFLyQGHVHDGD
+D\QLYHOHVGHYHQWLODFLyQ/2:0('>PHGLR@
+,*+
%2267
>LPSXOVR@\
2))
6LFRQWLQ~DSUHVLRQDQGRORV
ERWRQHVR²HOYHQWLODGRUVHGHVSOD]DUiDWUDYpVGH
ODVFRQILJXUDFLRQHV
127$
3XHGHRtUVHXQSLWLGRFDGDYH]TXHVHSUHVLRQD
XQERWyQ(VWRHVQRUPDO
127$
/RVFROODULQHVXELFDGRVDOUHGHGRUGHORV
ERWRQHVVHLOXPLQDQFXDQGRVHSUHVLRQDQORVERWRQHV
(VWRHVQRUPDO/RVFROODULQHVVHDSDJDQHQIRUPD
DXWRPiWLFDFXDQGRVHDSDJDODFDPSDQD
6(1625'(&$/25
(VWDFDPSDQDFXHQWDFRQXQVHQVRUGHFDORUTXHHQFLHQGH
HOYHQWLODGRUVLVHGHWHFWDQWHPSHUDWXUDVH[FHVLYDVPiVGH
Û&Û)VREUHODVXSHUILFLH
GHFRFFLyQ/DFDPSDQDYROYHUiDVXIXQFLRQDPLHQWR
QRUPDOXQDYH]TXHHOVHQVRUGHFDORUGHWHFWHWHPSHUDWXUDV
SRUGHEDMRGHÛ&Û)
127$
6LODFDPSDQDHVWi
2))
RHQXQDYHORFLGDG
GHYHQWLODFLyQ
/2:
VHGHWHFWDQWHPSHUDWXUDVSRU
HQFLPDGHÛ&Û)OXHJRHOYHQWLODGRUVHDMXVWDUi
DXWRPiWLFDPHQWHDODYHORFLGDG
0('
8VWHGSXHGHDMXVWDU
ODYHORFLGDGGHYHQWLODFLyQD
+,*+
R
%2267
SHURQRSRGUi
DMXVWDUODYHORFLGDGGHOYHQWLODGRUD
/2:
R
2))
KDVWDTXHVH
GHWHFWHQWHPSHUDWXUDVSRUGHEDMRGHÛ&Û)
127$
/RVFROODULQHVXELFDGRVDOUHGHGRUGHORVERWRQHV
SXHGHQQRLOXPLQDUVHVLVHDFWLYDHOVHQVRUGHFDORU(VWRHV
QRUPDO