Descargar Archivo

Anuncio
$0(%3%$
&DSLWDO)HGHUDO6HWLHPEUH
,QFRUSRUDFLyQGH&RQYLYLHQWHV
81+,72(118(675$2%5$62&,$/
8QD
DG
GH
HOODV
VS
SULPHUDV
VR
REUDVV
VVR
RFLDOHV
VQ
QR
RH
HVWDWDOHV
VG
GH/
/DWLQRDPpULFD
DT
TXH
SRVLELOLOLLWD
DH
HVWH
HE
EHQHILFLR
RS
SDUD
DV
VXV
VD
DILOLDGRV
/DGHFLVLyQGHLQFRUSRUDUDQXHVWUD2EUD6RFLDODORVFRQYLYLHQWHVGHORVDILOLDGRVTXH
QRFXHQWHQFRQQLQJXQDFREHUWXUDGHVDOXGFRQVWLWX\HXQYLHMRDQKHORTXHKR\KHPRV
KHFKRUHDOLGDG
'HHVWDIRUPDQRVF
FRQYHUWLPRV
VH
HQ
QX
XQD
DG
GH
HOODV
VS
SULPHUDV
VR
REUDVV
VVR
RFLDOHV
VQ
QR
RH
HVWDWDOHV
VG
GH
/DWLQRDPpULFD
DT
TXH
HS
SRVLELOLOLWWDQ
QH
HVWH
HE
EHQHILFLR
RS
SDUD
DV
VXV
VD
DILOLDGRV
/RV FRQYLYLHQWHV TXH VH LQFRUSRUHQ D QXHVWUR VLVWHPD LQWHJUDO GH VDOXG SRGUiQ HQWUH
RWUDVSUHVWDFLRQHVDFFHGHUD
(IHFWXDU
UF
FRQVXOWDV
VV
VLQ
QOOtPLWHH
HHQ
Q&
&OtOtQ
QLFD
D$
$0(%3%$
$\
\S
SURIHVLRQDOHV
VG
GH
F
FDUWLOO
LOOD
DH
HQ
Q&
&DSLWDO
O)
)HGHUDO
O\
\3
3URYLQFLD
DG
GH
H%
%XHQRV
V$
$LUHV
0DWHUQLGDG
G
GH
H&
&REHUWXUD
DH
HQ
Q0
0HGLFDPHQWRV
(VWXGLRV
VG
GH
H'
'LDJQyVWLFR
2GRQWRORJtD
6DOXG
G0
0HQWDO
,QWHUQDFLRQHV
V\
\&
&LUXJtDV
3DUDKDFHUHIHFWLYDODLQFRUSRUDFLyQVHDSUREyHO SDJR
RG
GH
HXQ
XQD
DUDQFHO
OT
TXH
HV
VH GHELWDUi
GH
HOORV
VK
KDEHUHV
VG
GHO
OWWLWXODU
F
FRUU
UUH
HVSRQGLHQWH
HD
DO
O
G
GHO
OYYDORU
UP
PtQLPR
RG
GH
HOOD
DF
FXRWD
DS
SUHYLVWD
SDUD
DOORV
V$
$GKHUHQWHV
V*
*UXSR
R,,,,
,,
&$0%,2662&,$/(6
/DIDPLOLDHVXQDLQVWLWXFLyQVRFLDOFUHDGD\PRGLILFDGDSRUKRPEUHV\PXMHUHVHQVX
KDFHU FRWLGLDQR WDQWR LQGLYLGXDO FRPR FROHFWLYR &RQVLGHUDGD FpOXOD EiVLFD GH OD
RUJDQL]DFLyQ VRFLDO HV HO UHVXOWDGR GH OD LQWHUYHQFLyQ GH GLYHUVDV IXHU]DV VRFLDOHV \
SROtWLFDVTXHD\XGDQDODFRQVWUXFFLyQGHODVLGHDVGRPLQDQWHVHQFDGDpSRFD
/RV SURFHVRV GH FDPELRV VRFLDOHV HFRQyPLFRV WHFQROyJLFRV \ SROtWLFRV KDQ
FRQWULEXLGRHQODFRQILJXUDFLyQGHOPRGHORIDPLOLDUDFWXDOHOFXDOVHFRQVWLWX\H\DFRWD
HQIXQFLyQGHVXLQWHUDFFLyQFRQODVGHPiVLQVWLWXFLRQHVVRFLDOHV
1
/DWUDQVIRUPDFLyQGHODHVWUXFWXUDIDPLOLDUQRSHUWHQHFHDOPXQGRSULYDGRVLQRTXHHO
PXQGRSULYDGRHtQWLPRGHFDGDVXMHWRVHFRQVWUX\HDSDUWLUGHODVUHODFLRQHVFROHFWLYDV
\FRQWUROHVGHQWURGHORVFXDOHVVHGHVDUUROODVXYLGDFRWLGLDQD
(QHVHVHQWLGROD0XWXDOVHDGDSWDHQXQDIRUPDGLQiPLFDDHVWDQXHYDUHDOLGDGGDQGR
FXPSOLPLHQWR HIHFWLYR D OD GHPDQGD GH QXHVWURV DILOLDGRV $Vt FRQ XQ HVIXHU]R
FRQVLGHUDEOH KHPRV ORJUDGR OD LQFRUSRUDFLyQ GH 3$5(-$6 &219,9,(17(6 SDUD
DTXHOODVSHUVRQDVTXHQRWHQJDQQLQJXQDFREHUWXUDGHVDOXG
3DUD PD\RU LQIRUPDFLyQ ORV LQWHUHVDGRV SXHGHQ FRPXQLFDUVH WHOHIyQLFDPHQWH DO WHO
² R SRU FRUUHR HOHFWUyQLFR D OD VLJXLHQWH GLUHFFLyQ GH FRUUHR HOHFWUyQLFR
FRQYLYLHQWHV#DPHESEDRUJDU
&,)5$6
1R HV HVWH XQ IHQyPHQR SULYDWLYR GH QXHVWUR SDtV SHUR HQ $UJHQWLQD XQ DOXYLyQ GH
FLIUDVGHPXHVWUDHQIRUPDREMHWLYDTXHHOPDWULPRQLRSHUGLySDUWHGHVXFDSDFLGDGGH
VHGXFFLyQ (O PLHGR DO GLYRUFLR ODV H[LJHQFLDV GHO PXQGR ODERUDO \ ODV GLILFXOWDGHV
HFRQyPLFDV VRQ DOJXQDV GH ODV FDXVDV D ODV TXH VH SXHGH DWULEXLU HO EDMyQ HQ HO
Q~PHUR WRWDO GH SHUVRQDV FDVDGDV VHJ~Q HO &HQVR \ HQ HO HUDQ
3HURWDPELpQLQIOX\HURQHQHVDWHQGHQFLDIDFWRUHVFRPRODPD\RULQGHSHQGHQFLDGHOD
PXMHU\VREUHWRGRODSHUFHSFLyQGHTXHQRHVPDODLGHDSUREDUODFRQYLYHQFLDDQWHV
GHGDUHOVtDQWHODOH\6HJ~QORVFHQVRVQDFLRQDOHVODVXQLRQHVGHKHFKRPXOWLSOLFDURQ
HQ XQD GpFDGD HQ HUDQ ODV SHUVRQDV TXH FRQYLYtDQ VLQ SDSHOHV HQ
VXPDEDQ
/RVSRUWHxRVSRUHMHPSORVHFDVDQFDGDYH]PiVWDUGH$SRVWDQGRDODFRQYLYHQFLD
SUHYLDSRFRVGDQHOVtDQWHHOSiUURFRRHORILFLDOGHO5HJLVWUR&LYLOHQODHGDGTXHDxRV
KD HUD XVXDO HQWUH ORV \ ORV /DV FLIUDV LQGLFDQ TXH HQ HO GH ORV
KRPEUHV TXH SDVy SRU HO &LYLO WHQtD HQWUH \ DxRV \ TXH HVH SRUFHQWDMH OOHJy D
HQ<ORPLVPRRFXUULyFRQODVPXMHUHVODSURSRUFLyQFUHFLyGHD
(VPiVFD\yODFDQWLGDGWRWDOGHFDVDPLHQWRVHQKXER\HODxRSDVDGR
DSHQDV
PLOORQHVGHSHUVRQDVFDVDGDVKDEtDHQHOSDtVHQVHJ~QGDWRVGHO&HQVR
1DFLRQDO GH 3REODFLyQ +RJDUHV \ 9LYLHQGDV 'LH] DxRV DQWHV HQ ODV SHUVRQDV
FDVDGDVVXPDEDQPLOORQHV
PLOORQHVGHSHUVRQDVQRSDVDURQSRUHO5HJLVWUR&LYLO\YLYHQHQHVWDGRGHXQLyQ
FRQVHQVXDOVHJ~QODVFLIUDVGHO&HQVR8QDGpFDGDDWUiVKDEtD PLOORQHV GH
SHUVRQDVHQHVDVLWXDFLyQ
DxRVHVODHGDGSURPHGLRDODTXHVHFDVDQORVYDURQHVHQOD&LXGDGGH%XHQRV
$LUHVVHJ~QGDWRVGHO5HJLVWUR&LYLO(QODHGDGSURPHGLRHUDPXFKRPHQRU
DxRV
2
DxRVHVODHGDGSURPHGLRDODTXHVHFDVDQODVPXMHUHVHQOD&LXGDGGH%XHQRV
$LUHVVHJ~QHO5HJLVWUR&LYLO(QODHGDGSURPHGLRHUDGHDxRV
FD\y OD WDVD EUXWD GH QXSFLDOLGDG HQ ORV ~OWLPRV WUHLQWD DxRV HQ OD &LXGDG GH
%XHQRV$LUHV3DVyGHFDVDPLHQWRVSRUFDGDPLOKDELWDQWHVHQDSRUFDGD
PLOHQ(OIHQyPHQRVHUHSLWHHQFDGDSURYLQFLDGHOSDtVODWDVDGHQXSFLDOLGDGHQ
OD$UJHQWLQDHVGHSRUPLO
/D SURSHQVLyQ D YLYLU HQ SDUHMD QR KD YDULDGR GH LQWHQVLGDG HQ ODV JHQHUDFLRQHV
VXFHVLYDV OR TXH KD FDPELDGR HV OD YtD GH HQ
HQWUDGD HQ XQ
XQLyQ HO PDWULPRQLR OHJDO HV
UHH
HHP
PSOD]DGR
RS
SRU
UOOD
DF
FRKDELWDFLyQ
QE
EDVDGD
DH
HQ
QUUHODFLRQHV
VF
FRQWUDFWXDOHV
VOOLEUHV
VG
GHQWUR
RG
GH
HOOD
SDUHMD
$0(%3%$
$Q
QR
RS
SRGtD
DS
SHUPDQHFHU
UD
DMHQDD
DDH
HVWRV
VYYHUGDGHURV
VF
FDPELRVV
VVR
RFLDOHV
VR
REMHWLYRV
V\\
GHFLGLy HQ OD PHGLGD GH VXV SRVLELOLGDGHV GDU D VXV DILOLOLD
DGRV OD PD\RU FREHUWXUD
SRVLEOH
3
3RUTXHH
HHQ
QG
GHILQLWLYD
DOORV
VD
DVRFLDGRV
V\
\V
VX
XQ
Q~FOHR
RIIDPLOLDU
UV
VRQ
QOOD
DUUD]yQ
QP
PHGXODU
UG
GH
QXH
QX
HVWUD
DH
H[LVWHQFLD
3
3DUD
DH
HOOOOR
RV
VWWUDEDMDPRV
V\
\D
DSXQ
XQWWDPRV
VWWRGRV
VQ
QXHVWURV
VH
HVIXHU]RV
$62&,$&,Ð10878$/,67$
3
%ROtYDU²&DSLWDO&RQPXWDGRU
ZZZDPHESEDRUJDU
Descargar