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j*M WJBMF *UBMJB -F SPUBUPSJF TP OP JOVUJMJ QFS VOB TUSBEB OPO QFSJDPMPTB TPMP EJ QFS TÌ 1FS BVNFOUBSF JM MJWFMMP EJ TJDVSF[ [B TVM MVOHPNBSF TFSWPOP TF NBGPSJ TNBSU F VOB FEVDB[JP OF TBO[JPOBUPSJBx " TPTUFOFS MP TPOP J WFSUJDJ EFMM "DJ JO VOB OPUB B GJSNB EJ 3JDDBSEP )FV TDI F 7JSHJMJP .BSDVDDJ QSFTJ EFOUJ EFMMF DPNNJTTJPOF USBGGJ DP F UVUFMB EJSJUUJ BVUPNPCJMJ TUJ j*O HFOFSBMF QSJNB EJ BGGSFU UBSTJ OFMMB EFGJOJ[JPOF EJ VOB TUSBEB DPNF QFSJDPMPTB QFS MF
QSPQSJF DBSBUUFSJTUJDIF NPSGP MPHJDIF o JOUFSWFOHPOP o EP WSFNNP BOBMJ[[BSOF UVUUJ HMJ BTQFUUJ OFM MPSP DPNQMFTTP 1SJ NP GBUUPSF UJ EB QSFOEFSF JO DPOTJEFSB[JPOF EPWSFCCF FTTF SF MB QSFTTJPOF WFJDPMBSFx j1FS TQPTUBSTJ EB TVE B OPSE F WJDF WFSTB o TPUUPMJOFBOP o BVUPNP CJMJTUJ F DFOUBVSJ B -JWPSOP IBO OP TPMP USF EJSFUUSJDJ WJBMF *UB MJB JM USBUUP EFMMB WFDDIJB WJB "VSFMJB P MB WBSJBOUF "VSFMJBx *M WJBMF *UBMJB jÏ MB WFSB TUSBEB B QFOFUSB[JPOF VSCBOB SBDDP HMJF UVUUB M VUFO[B SFTJEFOUF B TVE DIF JOUFOEF SBHHJVOHFSF JM DFOUSPx RVJOEJ RVJ jTJ SJWFSTB
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² QBSUJUB MB DBNQBHOB EJ BEF TJPOF EJ 1PUFSF BM 1PQPMP -F TPUUPTDSJ[JPOJ TPOP JOJ[JBUF EVF HJPSOJ GB BMMh"SFOB "TUSB j$PO PHHJ o EJDF (JPWBOOJ $F SBPMP o TPOP QBSUJUF MF BEFTJP OJ QFS JM NPNFOUP DBSUBDFF 1PUFSF BM 1PQPMP Ï VO TPHHFUUP QPMJUJDP DIF WVPMF BMMBSHBSTJ OPO TPMP BMMF GPS[F QPMJUJDIF DIF HJÈ BEFSJTDPOP DPNF 3J GPOEB[JPOF F 4JOJTUSB "OUJDBQJ UBMJTUB NB PWWJBNFOUF BMMB DJU
UÈx & jGBSOF QBSUF o MBODJB VO NFTTBHHJP o OPO TJHOJGJDB QFS DIJ BQQBSUJFOF B VO NPWJNFO UP MhFTDMVTJPOF EBM TPHHFUUP QP MJUJDP EJ SJGFSJNFOUPx "MMF BEFTJPOJ DBSUBDFF TJ BH HJVOHFSÈ VOB QJBUUBGPSNB POMJ OF j-hPCJFUUJWP o TQJFHB 'SBO DFTDP 3FOEB TFHSFUBSJP EJ 3J GPOEB[JPOF o Ï EJ DPTUJUVJSF VO RVBSUP QPMP EFMMB TJOJTUSB DIF TJ PQQPOHB BM DBQJUBMJTNP OFP MJCFSJTUB 7PSSFNNP TVQFSBSF EB TJOJTUSB JM 1E SJUFOJBNP TJB JM QSJODJQBMF SFTQPOTBCJMF EFM
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JM QFS DFOUP DJSDB EFM USBGGJDP HJPSOBMJFSPx DPO VO UJQP EJ USBGGJDP F EJ VUFO[B jWBSJFHB UJx 4POP NPMUJ HMJ JODJEFOUJ DIF TJ WFSJGJDBOP TVM WJBMF *UBMJB DPFN IBOOP EJNPTUSBUP BODIF MF DSPOBDIF EFHMJ VMUJNJ HJPS OJ j4JDVSBNFOUF B DSFBSF UBMJ SJTDIJ DPODSFUJ DPOUSJCVJTDF GJO USPQQP TQFTTP M FDDFTTP EJ WFMP DJUÈx jJM DPNQPSUBNFOUP EFHMJ BVUPNPCJMJTUJ DIF TGPSBOP J MJ NJUJ QSFWJTUJ EBMMB TFHOBMFUJDB WB GPSUFNFOUF DPOEBOOBUP F QFS FWJUBSF RVFTUF USBTHSFTTJP OJ EPCCJBNP VUJMJ[[BSF RVBMTJB TJ TUSVNFOUP BUUVBMNFOUF B EJ TQPTJ[JPOFx B QBSUJSF jEBJ EJT TVBTPSJx QFS VOB jJOEJTQFOTB CJMF TBOB B[JPOF SFQSFTTJWBx 2VFTUP FGGFUUP EFUFSSFOUF QF SØ TPTUFOHPOP EBMM "DJ jOPO TJ QVØ DFSUP PUUFOFSF EBMMF SPUB UPSJF NFTTF JO QSPHFUUP EBMM BNNJOJTUSB[JPOF DPNVOB MF USB RVFMMB QSFWJTUB TVMMB DBS UB BMM BMUF[[B EJ #BSSJFSB .BS HIFSJUB F MB TVDDFTTJWB QSFWJ TUB JO WJB EFJ 1FOTJFSJ SFTUFSFC CF JOGBUUJ UFDOJDBNFOUF UVUUP MP TQB[JP BM QPUFO[JBMF USBTHSFT TPSF QFS SJQSFOEFSF TJO USPQQB WFMPDJUÈx -P TUFTTP jUSB RVFMMB DIF EPWSFCCF TPSHFSF OFM USBU UP EJ DBSSFHHJBUB BOUJTUBOUF MB #BSBDDIJOB #JBODB F RVFMMB EJ #BSSJFSB .BSHIFSJUBx j%FDJTBNFOUF QJÞ FGGJDBDF FE FEVDBUJWB o MBODJBOP MB QSPQP TUB o TBSFCCF JOWFDF M BQQPTJ [JPOF EJ TFNBGPSJ DPTJEEFUUJ JO UFMMJHFOUJ HJÈ VUJMJ[[BUJ DPO TVD DFTTP MVOHP MF TUSBEF EJ 'SBO DJB F 4QBHOB 1FS VOB WFSJGJDB EFM CVPO GVO[JPOBNFOUP EJ RVFTUP NFUPEP TJ QPUSFCCF DP NJODJBSF B TQFSJNFOUBSF NPEJ GJDBOEP F DPOUSPMMBOEP RVFMMJ HJÈ QSFTFOUJ JO WJB ;PMB TVM WJB MF "MGJFSJ F JO QJB[[B .B[[JOJx *M UJQP EJ TFNBGPSJ JO RVFTUJP OF TQJFHBOP jGBSFCCF TDBUUB SF MB MBOUFSOB SPTTB BMMP TGPSB NFOUP EFJ MJNJUJ EJ WFMPDJUÈx jBOESFCCFSP QPTJ[JPOBUJ JO QSPTTJNJUÈ EFHMJ BUUSBWFSTB NFOUJ QFEPOBMJ F EPWSFCCFSP FTTFSF BUUJWBCJMJ TV SJDIJFTUB DPO VO CPUUPOF EB QBSUF EFM QF EPOFx (
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F Ï VOB GFNNJOB TJ DIJBNFSÈ 'VUVSB DBO UBWB -VDJP %BMMB $PTB EJWFOUFSÈ MB 'VUVSB EJ -BVSB #PMESJOJ F .BSDP 'VS GBSP MP EJSÈ JM UFNQP *OUBOUP DPO M FY QSFTJEFOUF EFMMB $B NFSB Ï OBUP JM OVPWP NPWJ NFOUP $IJ D Ï OFM DPNJUBUP OB[JPOBMF "OESFB 3BTQBO UJ FY DBOEJEBUP TJOEBDP EJ #VPOHJPSOP F DPOTJHMJFSF EJ 'VUVSP /PNF DIF NBODP B GBSMP BQQPTUB IB BOUJDJQBUP
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gGA#+GVAG
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CVJUF EBMMB GBSNBDJB EFMM P TQFEBMF HJVOHPOP JO SFQBSUP MB NBUUJOB TUFTTB EFMMB EJTUSJ CV[JPOF TQFTTP JO SJUBSEP BO[JDIÌ FTTFSF QSFEJTQPTUF TFDPOEP CVPOTFOTP MB TFSB QSJNB QFS VOB MPSP QVOUVBMF TPNNJOJTUSB[JPOF NBUUVUJ OB 1PJDIÌ JM EBZ IPTQJUBM DIJVEF BMMF F QPJDIÌ BMDV OJ DJDMJ EJ DIFNJP EVSBOP BO DIF EJWFSTF PSF SJTVMUFSFCCF DIF J SJUBSEJ DPO DVJ BSSJWBOP RVFTUF NFEJDJOF BM NBUUJOP QSPWPDIFSFCCFSP JM QSPUSBSTJ EFMMF UFSBQJF PMUSF M PSBSJP EJ DIJVTVSB EFM SFQBSUPx (