Tabla de contenido
FK =6;F =2: ?@5C@…:?WEF KW[2 DE:?8C\3F F? E:<2: ?652F5K
A2DA:65:6E FK AC:6<…F =2: 2D>6?D 8C:6KEF
*85.*).*9 >_e. )A:6‡@E KW[: G2C AWC<2CDE >@E@CD F?
D2=bKE KW[2 2D>6a:
^ f
!( (
((
")
/W[2 2D>6?D <FDEWD 2C @C3:EW=W EC2;6<E@C:;W „\ 7F?<4:;2
:CC68F=Y;2>2 F? ?@5C@…:?2 WECW<F F? 676<E\GW<F KW[Y…2?F
D>6?D 2C @C3:EW=F <FDE\3F :K8C:6‡2D 42FC: 52C32>
:K>2?E@;@E 2F8…FA6;@…F 8W;:6?F 36E ?6E:6< :KG:=<ED 42FC
52C3F =6;FA6;@…2 8W;:6?2 =2:<W
F8DEW<FD :6DE2E\;F>FD G2;25KYEF :K>2?E@E WEC:
8C:6‡@E >\<DEF >2E6C:W=F
/6>W<FD " :6DE2E\;F>FD G2;25KYEF :K>2?E@E >2KW<2D
AC6E6DE\32D 8C:6…2?2D >2E6C:W=:6>
$
!( (
((
")
*2:D?F 8C:6KF>F G2C G6:<E A:6 56E2`2D A:6DA\=Y;@E <@<2
8232=F G2: E2:D?DEbC: F? G:CK@E AC6E E@ KW[2 >2=F C:6K:6E
E:<2: G:6?W G:CK:6?W ?6G6:4:6E 8C:6…2?F =\5K AFD6: =2: AY4
E2> E@ A236:8EF ?@ AC6EY;WD AFD6D
f
$
!( (
((
")
C KW[: G2C G6:<E G\EaG6:52 8C:6KF>FD G25@E 8C:6KF>2
G:CK:6?F F? A:6>YC@;@E DA:65:6?F FK C@<EFC:
&WC>YC\8D DW?F DA:65:6?D FK 2D>6?: G2C D2=2FKE
2D>6aFD G2: D23@;WE 8C:6‡2>@ >2E6C:W=F
j $ f $
!( (
((
")
)=\AW 8C:6KF>2 =6a_FD G2C ?@C68F=YE ?@ i =\5K i A2 =23:
G2: A2 <C6:D: "6a_: 8C:6KF>:6> ?@ i =\5K i
i D@`@D
:C 2EK\>YE: FK D<2=2D A2>2E?6D <C6:D2;W F? =232;W AFDY
2 ?6A:64:6…2>: AC64\K: 8C:6KF>: :6E6:42>D :K>2?E@E
=6a_>YCF
j `
!( (
((
")
C FK8C:6‡aF 2ED=Y8F 2ED<CbGY;:6E A2>2EF D2EFC@…@
D<CbG: =\5K G2C AWCG:6E@E A2>2E?:
&23\5:6E A2>2E?: ?652F5K FK AC:6<…F =2: E@ 2E=2:DEF ?@
f^
f^
$
&9;.80.
>@E@C2 <@CAFD2 4:=?6D
EK\>: FK GY=2>W =6a_2 A2>2E?6D D2=W8@;:6E 2C >@E@C2
<@CAFD2 >2=F
!25 :68bED ?6A:64:6…2>2:D =6a_:D A23\5:6E A2>2E?:
2EA2<2` =\5K :K4:=?:D FK >@E@C2 <@CAFD2 D2=W8@;2D 2C
2E3:=DE@…@ :6C@3F A2>2E?6D 2:K>F8FCY;W 52`W
,6=Ea2 G:CK@…WD 56E2`2D EFCYEW;F ?@G:6E@;:6E EW5W
G6:5W =2: G:CK@…WD 56E2`2D G6=E?:D 3bEF A2GYCDED AC6E
KW[2 2D>6?D 2:K>F8FCY;@ 52`F &C64\K: 8C:6KF>:
:C :6DAY;2>: E:<2: E25 <25 G:CK@…WD 56E2`2D G6=E?:D
2EC@52D 4:6…: AC6E KW[2 2D>6?D 2:K>F8FCY;@ 52`F
&2>2E?: D2EFC@…@ D<CbG: A:6G6=4:6E 2C FK8C:6‡aF
2ED=Y8F =2: ?@DE:AC:?WEF A2>2E?:
$k^ $
!( ( ((
")
"2: :KG2:C\E@D ?@ G25\32D KF5F>2 2D>6aF D2=b…2?2D
G2: 8C:6‡2>W >2E6C:W=2 3@;W;F>:6> G:6?>YC C\<@;:6E:6D
\A2…: FK>2?\8: G6:4@E 5K:`W<FD 8C:6KF>FD K:`W<FD
8C:6KF>FD ?2G :6E6:42>D G6:<E 4:E:6> >2E6C:W=:6>
:Ka6>@E <@<F
C:6KF>2 =\?:;F D<2:5C: 2EK\>Y;:6E FK 56E2`2D
C:6…2?2D =6a_: :6DE2E:6E FK i
)2DG6C:6E KW[: FK AC:6<…F
A2>2E?6D AC:6<…Y;WD >2=2D F? :6D=Y5K@E KW[: 2D>6?D
?6?@?W<EF D2D<2CY 2C 56E2`F
&WC=:64:?:6E:6D G2: 2D>6?D 2EC@52D 8C:6‡2>W 2A8232=2
C@36‡WD
6D=Y5K:6E KW[: =:6=W WECF>W F? =Y?W> :6=2:5:6E 2D>6?:
56E2`W =\5K 2D>6?D :K8C:6‡2D 42FC: <@<2>
*FCA:?:6E
A2>2E?62EC@52D A=2<2?:D<: FK D282E2G6D AY4 E2>
G:CK:6E KW[:FK AC:6<…F =2: A236:8EF KW[Y;F>F
„\ G6:52 8C:6KF>2> :K>2?E@;:6E E:<2: 2D>6?: <FC2> :C
K@3: FK 4@==F
^
C
;bDF
(\<@;:6E:6D FK>2?\8:
2D>6aFD $6DA:65:6E 2C DAY<F
2 2D>6?D AWC>YC\8: G:3CY
D>2=<W<:6> K@3:6> G2: :6D=Y5K:6E =:6=W<F WECF>F
2D>6?D AWC>YC\8: D2<2CDE :K>2?E@;:6E K6>W<F WECF>F
2
8C:6‡@E >\<DEFD >6EW=FD
2D>6?D K@3: 2A=\A G2: ?@DAC@DE@;2D :K>2?E@;:6E 2D>6?: 2C
CFA;W<:6> K@3:6> G2: DECW5W;:6E K6>W<W WECF>W C:6‡@E
>6EW=FD :6E6:42>D :K>2?E@E 6``F =2: 2D>6aFD FKEFCYEF
f^
?@=2:DE
2D>6?:
D282E2GY
KW[:
G2C
8C:6KE
52F5KF
=2: ?6D2GYCAEF G2: ?6D2=:6<EF
:K>2?E@;:6E 2D>6?: 2C
=2: E2D 32=DE\E@D FK
=\5K
KW[2
G6:5F
>6EW=F
2
A:6>YC2>
2=F>\?:;F
Tabla de contenido
