You are on page 1of 7

-RKQ &DJH 6RQDWDV H LQWHUOXGLRV 

,QWURGXFFLyQ

/DV



SLDQR

6RQDWDV

SUHSDUDGR

GXUDQWH

ORV

,QWHUOXGLRV

IXHURQ

DQRV



SDUD

FRPSXHVWDV

DO



VXV

FDUDFWHUtVWLFDV PiV LPSRUWDQWHV VRQ


/D

LQVSLUDFLyQ

HQ

KDEtD OHtGR HO OLEUR


TXH

HVFULELHUD

ORV



\


&DJH

/D GDQ]D GH 6KLYD 

HQ

&RRPDUDVZDP\
H[SOLFDEDQ

HO +LQGXLVPR

HQ

HO

HO

HVWDGRV

LQGLR

TXH

GH

VH

iQLPR

KXPRUHV UDVDV GHO +LQGXtVPR WUDGLFLRQDO


 /XPLQRVRV (UyWLFR KHURLFR PDUDYLOORVR \ FyPLFR
 2VFXURV 2GLRVR IXULRVR WHPHURVR H GRORULGR
(O QRYHQR HV OD FDOPD HO HTXLOLEULR OD WUDQTXLOLGDG \ VXUJH GH
OD VtQWHVLV GH ORV DQWHULRUHV <D HQ HO KLQGXLVPR WUDGLFLRQDO VH
UHFRJH TXH FDGD QRWD HV OD UHSUHVHQWDFLyQ GH XQ HVWDGR SHUR
SDUHFH

TXH

SULQFLSDOHV

OD

HQ

LQWHQFLyQ

ODV

GH

VRQDWDV

&DJH

HO

HUD

QRYHQR

HQ

UHSUHVHQWDU
ORV

ORV

LQWHUOXGLRV


'H

WRGDV IRUPDV HO DXWRU QXQFD OR H[SOLFy

/D

SUHSDUDFLyQ

&DJH
FRQ

TXHUtD

XQ

WHQtD

HO

SDUD

SLDQR

SHQVy

GH

SDUD

TXH

WDQWR
HQ

REMHWRV
PiV

QR


%DOOHW
SHUR
KDEtD

LQVWUXPHQWR

PRGLILFDU

KDFHUOR

1R

SHUFXVLyQ

GH

PHWLHQGR

SDUD

SLDQR

P~VLFD

SUREOHPD

(QWRQFHV

FXHUGDV

KDFHU

HQVHPEOH

HVSDFLR

GHO

GHO

HO

VRQLGR

HQWUH

ODV

SHUFXVLYR

<

DVt VXUJLy OD SULPHLUD P~VLFD SDUD SLDQR


SUHSDUDGR HQ  %DFFKDQDOH
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
 7HR 5DPtUH] SDUD *7 $ +LVWRULD GD 0~VLFD QR WHX 3&

  

KWWSLQLFLDHVGHWHRBUDPLUH]

(Q ODV VRQDWDV H LQWHUOXGLRV PHWH WRUQLOORV WXHUFDV \ WUR]RV GH


JRPD

SOiVWLFR

TXH

HQWUH

UHFXHUGDQ

ODV

DO

FXHUGDV

JDPHOiQ

FRQVLJXLHQGR

FRQMXQWRV

VRQRULGDGHV

GH

SHUFXVLyQ

SROLQpVLFRV  < WDPELpQ ORV SHGDOHV GHO SLDQR VRQ XVDGRV SDUD
PRGLILFDU ORV VRQLGRV GXUDQWH OD LQWHUSUHWDFLyQ

$ #" 


 !!   
3DUD

SUHSDUDU

HO

SLDQR

&DJH

HODERUy XQDV LQVWUXFFLRQHV HQ ODV


TXH

GHWDOOD

HO

OXJDU

GH

FDGD

FXHUGD GRQGH KD GH SRQHUVH FDGD


REMHFWR \ HO SURFHVR SXHGH OOHYDU
YDULDV

KRUDV

$XQTXH

REUDV

&DJH

XVDED

HQ

PXFKDV

QRWDFLRQHV

SDUWLFXODUHV

LQFOXVR

LQVWUXFFLRQHV

HVFULWDV

HQ

VyOR
HVWH

FDVR OD QRWDFLyQ HV FRQYHQFLRQDO


SHUR RMR ORV VRQLGRV FRQVHJXLGRV
QR

JXDUGDQ

UHODFLyQ

DOJXQD

FRQ

ODV QRWDV HVFULWDV

/D UXSWXUD FRQ HO WUDGLFLRQDOLVPR (Q HVWDV SLH]DV QR KD\

XQD DUPRQtD R PHORGtD TXH HVFXFKDU HQ XQ VHQWLGR FOiVLFR (Q


OD IRUPD R HVWUXFWXUD LQWHUQD WDPSRFR JXDUGDQ UHODFLyQ FRQ OR
TXH HQWHQGtDQ %HHWKRYHQ R 0R]DUW SRU VRQDWD SHUR
FXULRVDPHQWH WLHQHQ PiV HQ FRP~Q FRQ HVTXHPDV XVXDOHV HQ
HO %DUURFR DQWHULRU D HVWRV FRPSRVLWRUHV 
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
 7HR 5DPtUH] SDUD *7 $ +LVWRULD GD 0~VLFD QR WHX 3&

  

KWWSLQLFLDHVGHWHRBUDPLUH]

3RU

HMHPSOR

WLHQH

IRUPD

OD

VRQDWD

$$%%

VLPLODU

OD TXH XVDED 6FDUODWWL HQ VXV


SLD]DV

SDUD

FODYH

3HUR

DGHPiV \D VH SXHGH DGLYLQDU


HQ HVWD REUD OR TXH KDEUtD GH
VHU

HO

VLJXLHQWH

SDVR

GHO

FRPSRVLWRU HO LQGHWHUPLQLVPR
3RU
GHO
HQ
KD\

HMHPSOR
SLDQR
FDGD

QR

OD

SUHSDUDFLyQ

UHVXOWD

FRQFLHUWR

SRVLELOLGDGHV

LGpQWLFD

HV

GHFLU

DELHUWDV

DO

D]DU

(WLTXHWDU D XQ DXWRU HV VLHPSUH XQD DSUR[LPDFLyQ JURVHUD (O


SURSLR &DJH H[SOLFDED OD GLIHUHQFLD HQWUH ORV WUHV WpUPLQRV FRQ
ORV TXH D YHFHV QRV UHIHULPRV D HVWH WLSR GH FRPSRVLFLRQHV

&KDQFH HV OD XWLOL]DFLyQ GHO D]DU D OD KRUD GH

FRPSRQHU ,QGHWHUPLQDF\ KDFH UHIHUHQFLD D ODV


GLVWLQWDV SRVLELOLGDGHV GH HMHFXFLyQ \ $OHDWRU\ VRQ ODV
GRV FRVDV DO PLVPR WHPSR HO D]DU FRPR
SURFHGLPLHQWR FRPSRVLWLYR \ OD SODVWLFLGDG HQ OD
H[HFXFLyQ H LQFOXVR KD\ TXLHQ KDEOD GH DOHDWRULHGDG
FRQWURODGD 

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
 7HR 5DPtUH] SDUD *7 $ +LVWRULD GD 0~VLFD QR WHX 3&

  

KWWSLQLFLDHVGHWHRBUDPLUH]

  
 7HR 5DPtUH] SDUD *7 $ +LVWRULD GD 0~VLFD QR WHX 3&

KWWSLQLFLDHVGHWHRBUDPLUH]

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

`
fw
e fG # i3r T PP SP ##tffGtv"7 wt" tU P! #rb aYY"WW 'U9 T 9Hvtq5 T t tP
s  e  b `  X    W W U Xs W `  e !  `  ` X X X V V` ! 
` s  e  b `  b W   b W  e U p W p ! W ` p  ` X X W V U
fSaa e fYa # i35r T w"! Hr""! Hr" e qyf7## H# w"P"! aYYX"W '9 T
"! H  etf Dq7Pvr rrf qrPY
V    U es
eU 
`
fSr0q !e

rt H i3 T wf7 rw"d5 qP S0e T ` T q7P"Pq P! #bW 'U9 T e g Pi0e e
 e  b `   b W ` ` b
!  `  W V e V`  e b
`  U    U     U e p  V    c U
f7qPDrf'trq i 7$ H! 7Pr q7Pe $qP'q Pf7Pfv5
l C
n v u V`   e
` 
'7 7H h 7 t7i v1 p 4 vp ED8 lm P8 S9ipq7
E n 8 n1 q n
` e
'5i U h 7i 3 v1 p 4 l n p C#s l 2 l 5vaP1 m 8 lm % 5g P h

m V` 

%LEOLRJUDItD

7R5C l D5D8 m BrqS9YyE m P3SPE p |7iP'7%8 l E32S8 l q2E


x ( ( % E 6 C 8 u % E l % 82 n E 8 % E2 % 86 r C n % 12 % E r 8 6 1 q 1 q E C % C r n
8 lp #7%PPPrQ p D8 rI m w0q2 l SR57878 l 1378 lm Pi'%
6 w E C % z 6 E ) % E 6 8 E C A6 8 u 8 8 E C 86 r 26 8 q 8 % r % E E 4 Q E C 6 2 C E ~ } y&
b ` p ! u esW   b W  ! W p h W e ` d c b ` X X W V U
r T w"vH T t! HrqP feiP gb7f! S 50 aYYX"W '9 T
779#7tP1r{07%8 l a96S1q5E m PwQ p D% l r'%
E 4 8 Q E C 86 n E r |6
1 q 8 8 q 26 % 1 E C 8 4 z t y&
x w E C
174 l RD8 lm Pv0EC
n u
8 % n E@ 16
6 12 8 s6 E n % 1 E % E 1 %
% r 1 C % 86 8 qE6 q
8 86 o n l V  j
h g&
p 1 l 3Ptt1 l P3S"f5HPwQ p D5r78 l q079w"twE lpp C9D1 l 8 m kSi rf'%
`   U    !    !     e &
vq iPD  H e Hf!yf   7 f'%
W U b W ` p U b` 
fr#!#" vdw 
d ` X W V U E 4 8 Q % I 1 F E C A@ 86 4 12 1  p   
H3 wfW q T 77PHG8 B953P) #Pa! H"! #"  T iw5H! S5e y'%
`  c x&
r T w"vH T t! HrqP feiP gb7f! `S 50 aYYX"W '9 T
b ` p ! u esW   b W  ! W p h W e d c b ` X X W V U
E 4 8 Q I F C A@ 86 4 2 1 ) ( &
S7R%P1HGED8 B975130"'%
,OXVWUDFLyQV

%LRJUDItD

1DFLGR HQ /RV $QJHOHV &DOLIRUQLD HQ  WUDV


YLDMDU

SRU

(XURSD

GHVWDFDGRV

FRPR

HVWXGLy

FRQ

6FKRHQEHUJ

SURIHVRUHV
9DUHVH

WDQ

TXLHQ

LQIOXLUtD HQ pO GH IRUPD GHFLVLYD <D KDEtD KHFKR


VXV

SULPHUDV

FRPSRVLFLyQ

WHQWDWLYDV

DQWHV

GH

HQ

HO

FDPSR

WUDVODGDUVH

GH

OD

6HDWWOH

HQ

 GRQGH RUJDQL]D XQD RUTXHVWD GH SHUFXVLyQ


FRVD

TXH

UHSHWLUtD

GHVSXpV

QRUWHDPHULFDQDV KDVWD

HQ

RWUDV

FLXGDGHV

HVWDEOHFHUVH HQ  HQ

1XHYD <RUN 

(Q DTXHOORV SULPHURV DxRV


\D KDEtD FRPSXHVWR REUDV
SDUD SHUFXVLyQ HQ ODV TXH
XVDED SRU HMHPSOR ODWDV
GH HVWDxR SHUR VX
RULJLQDOLGDG HQ OD E~VTXHGD
GH QXHYDV VRQRULGDGHV LED
PiV DOOi JLUDGLVFRV
RVFLODGRUHV ]XPEDGRUHV \
RWURV DSDUDWRV HOpFWULFRV \
\D HQ OD GpFDGD GH ORV 
HO SLDQR SUHSDUDGR
FRLQFLGLHQGR FRQ HO HVWXGLR
GH ODV ILORVRItDV RULHQWDOHV
HVSHFLDOPHQWH HO %XGLVPR
=HQ \ HO +LQGXtVPR

6X FRODERUDFLyQ FRQ HO
FRUHyJUDIR 0HUFH
&XQQLQJKDP VH LQLFLD HQ


BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
 7HR 5DPtUH] SDUD *7 $ +LVWRULD GD 0~VLFD QR WHX 3&

  

KWWSLQLFLDHVGHWHRBUDPLUH]

(Q

ORV



SRGHPRV

LQGHWHUPLQLVPR
VREUH

OD

GHFLU

IUXWR

FUHDFLyQ

TXH OOHJD
GH

XQD

OR

ODUJD

PXVLFDO

TXH

VH

GLR

HYROXFLyQ

4XL]iV

OD

HQ

OODPDU

UHIOH[LyQ

SULPHUD

REUD

UHSUHVHQWDQWLYD GH HVWD IRUPD GH SHQVDU IXHVH 0XVLF RI FKDQJHV


 
&KLQJ

EDVDGD
HQ

WLUDU

HQ

ODV

FDUWDV

PRQHGDV

DO

GH

QDYHJDFLyQ

D]DU

<

GHVGH

GHO

OXHJR

OLEUR
OD

FKLQR

SROpPLFD

REUD 


HV OD FRQVHFXHQFLD ~OWLPD GH HVWH SURFHVR HYROXWLYR




PLQXWRV



VHJXQGRV

HQ

ORV

TXH

HO

SLDQLVWD

QR

WRFD

XQD

VROD QRWD &yPR VH H[SOLFD HVR"

%LHQ

&DJH

GHFtD

TXH

HO

VLOHQFLR

HV

WDQ

LPSRUWDQWH

FRPR

ORV

VRQLGRV SRU OR TXH SRGUtD HQWHQGHUVH FRPR XQ KRPHQDMH D OD


DXVHQFLD

GH

VRQLGR

3HUR

DGHPiV

HO

DXWRU

TXHUtD

SRQHU

HQ

SULPHU SODQR WRGRV DTXHOORV TXH QRUPDOPHQWH QR IRUPDQ SDUWH


GHO FRQFLHUWR ORV WRVLGRV GHO S~EOLFR ULVDV FRQYHUVDFLRQHV

(Q OD GpFDGD GH ORV  FRQWLQ~D VX


H[SORUDFLyQ GH ODV SRVLELOLGDGHV GHO
D]DU \ HO LQGHWHUPLQLVPR GH ODV
QRWDFLRQHV QR FRQYHQFLRQDOHV \ GH OD
HOHFWUyQLFD OOHJDQGR D LQWHUHVDUVH
LQFOXVR SRU ORV HIHFWRV OXPLQRVRV 'H
HVWD IRUPD VH DSUR[LPD DO
+DSSHQLQJ

R UHSUHVHQWDFLyQ

DUWtVWLFD WtSLFD GH DTXHOORV DxRV GH


KHFKR \D HQ  KDEtD KHFKR XQ
HYHQWR WHDWUDO HQ HVD GLUHFFLyQ 
3RU DTXHOORV DxRV FRQRFH D <RNR 2QR
FRQ OD TXH FRPSDUWH VX LQWHUpV SRU OD
ILORVRItD RULHQWDO /RV GRV VHUtDQ
PLHPEURV GHVWDFDGRV GHO PRYLPLHQWR
YDQJXDUGLVWD

)OX[XV 

6L &DJH \D HUD HO DPHULFDQR PiV LQIOX\HQWH GHVGH ORV DQRV 


SRU VXV FRPSRVLFLRQHV HQ HVWD GpFDGD SXEOLFD ORV TXH TXL]iV
VHDQ VXV OLEURV PiV GHVWDFDGRV VREUH FUHDFLyQ PXVLFDO 6LOHQFH
 \ 1RWDWLRQV  

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
 7HR 5DPtUH] SDUD *7 $ +LVWRULD GD 0~VLFD QR WHX 3&

  

KWWSLQLFLDHVGHWHRBUDPLUH]

  
 7HR 5DPtUH] SDUD *7 $ +LVWRULD GD 0~VLFD QR WHX 3&

KWWSLQLFLDHVGHWHRBUDPLUH]

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

`
fw
e fG # i3r T PP SP ##tffGtv"7 wt" tU P! #rb aYY"WW 'U9 T 9Hvtq5 T t tP
s  e  b `  X    W W U Xs W `  e !  `  ` X X X V V` ! 
`
fSr0q !e

r # i3r T w"# e G"! 'c 5 e aYY"W '9 T Ht7wyw'a! HRc 5e#
 e   b ` p ! W W b e ` ` X X X W V U V  e ` 
`  U    U     U e p  V    c U
f7qPDrf'trq i 7$ H! 7Pr q7Pe $qP'q Pf7Pfv5
n v E C 6 8 % lm V e   d 
v7eHqPe #! 7Pi 7 51 lm 51 p 8 lm P8 p 1 l P1 " lm ~  YH5q
` b       n n v n {
E l % 1 Q s 6 o E V `
'a"PqP Hi#Pq77"i# lm PP1rP1 l 2 lm ~0Hn m SEHS1t7I H vPyv`  S
`      b !    e n r u @ {6 8 %

%LEOLRJUDItD

U ` W p 
H v #9e `yH7  T aYYX"W '9 T
` X X W V U
e! ! 
"" Hq5
&
7 Pfi h  5f  T q h fqP5 GPq77 E7P1q2H0(( ' T ef "'%
 h e b   !    e  X e n % n
V p
` r T wq""W r T "7f"9"Pi7# Db H aYYX"W '9 T
b ` e   U e  b W e e cW e e  e   W ` ! ` X X W V U
7%iP1 T "f '0 Hq D q7PUY 'Pv#vt5 bt '%
1 1 V !      ` ` e   
&
` y T PPe H "0tq#5#e e #"9"Pi7# Db H aYYX"W '9 T
b `    !  W  b W e W e e  e   W ` ! ` X X W V U
e g992 l Pt T "f '0 Hq D q7PUY 'Pv#vt5 bt "'%
e
E C 86 r 26 8 V !      ` ` e   
&
r T w##g7ef! SU7"b7  GX aYYX"W '9 T
b ` ! e W b ` 
 ` X X W V U
iPqSPq"Prc0f! Hrq5$ Hqe fr q "P5Hy
eh  p $  e ! e   b    !  e !
e  b ! e
% l v77Q VP i wf"0 b 5 e!t7e y5eHDf7 T  7 "'%
8 I 4 % % r Q E 4 8 e   
&
  !  b p  
,OXVWUDFLyQV

&DJH PRULUtD HQ 1XHYD <RUN HQ YHUDQR GH
,QDPRUL



HO

,QVWLWXWR


3UHPLR
HO

SLQWXUD
ORV

.\RWR

&DOLIRUQLDQR

UHFLEH

GH

SDUD

GRFWRUDGR

UHFRQRFLPLHQWRV
OD

FRPSRQLHQGR
(Q

OD

ODV

IXQGDFLyQ

DUWHV

KRQRULV

HVFULELHQGR
DxRV

FDXVD

LQWHUQDFLRQDOHV
$FXPXODQGR

VLJXLHQWHV

D~Q

HQ
GHO
HQ

SUHPLRV
VH

LQWHUHVD

DGHPiV

GH

\
SRU

VHJXLU

You might also like