/LVWDGR GH SUHFLRV
$UULEDHQHOGHVYDQE\&DUPHQKI KWWS ZZZ DUULEDHQHOGHVYDQE\FDUPHQKI FRP
3UHFLRV YiOLGRV KDVWD GH GLFLHPEUH HQ WHUULWRULR HVSDxRO *DVWRV GH HQYtR QR LQFOXtGRV
&XDGURV RULJLQDOHV SLQWDGRV D PDQR SXHGHV HVFRJHU ORV FRORUHV WDPDxRV SHUVRQDOL]DUORV FRQ HO QRPEUH HWF PHGLGDV GLVSRQLEOHV [ FXDGURV ¼ FXDGURV ¼ [ ¼ XQLGDG [ ¼ XQLGDG [ ¼ XQLGDG [ ¼ XQLGDG [ ¼ XQLGDG [ ¼ XQLGDG VXSOHPHQWRV SRU QLxR H[WUD HQ HO PLVPR FXDGUR ¼ QLxR
SRUWDIRWRV [ EDVWLGRU ILQR
RIHUWD ¼ KDVWD DJRWDU H[LVWHQFLDV
5HSURGXFFLRQHV GH OLHQ]RV OLHQ]RV LPSUHVRV \ PRQWDGRV VREUH EDVWLGRU PHGLGDV [ SOD]R GH HQWUHJD GtDV
SUHFLR ¼ XQLGDG PRGHORV GLVSRQLEOHV UHSURGXFFLRQHV
/iPLQDV SDUD HQPDUFDU OiPLQDV LPSUHVDV HQ SDSHO YHUMXUDGR GH JUV LPSUHVLyQ D FRORU DOJXQRV GLVHxRV OOHYDQ UHOLHYHV OD]RV ERWRQHV HWF
[ FP ¼ XQLGDG [ FP ¼ XQLGDG PRGHORV GLVSRQLEOHV OiPLQDV
6LOXHWDV GHFRUDWLYDV FDGD VLOXHWD LQFOX\H XQ FRPSOHPHQWR
SHTXHxD DSUR[ FP ¼ XQLGDG PHGLDQD DSUR[ FP ¼ XQLGDG JUDQGH DSUR[ FP ¼ XQLGDG SXHGHV DxDGLU WDQWRV FRPSOHPHQWRV H[WUD FRPR GHVHHV SDUD IRUPDU XQD FRPSRVLFLyQ PXUDO
ÈOEXPHV GH IRWRV DUWHVDQDO [ FRQ FDUWXOLQDV EODQFDV HQ HO LQWHULRU
SUHFLR ¼ HQWHODGR GH LPSUHQWD [ FRQ FDUWXOLQDV HQ HO LQWHULRU \ SDSHO FHEROOD LQWHUFDODGR
SUHFLR ¼ iOEXP GH FDQXWLOOR [ FRQ FDUWXOLQDV EODQFDV
SRUWDGD LPSUHVD VREUH SDSHO GH JUV \ ODPLQDGR PDWH &RQWUD SRUWDGD URVD D]XO EHLJH \ HQFXDGHUQDFLyQ HQ FDQXWLOOR EODQFR SUHFLR ¼
YDMLOODV LQIDQWLOHV SHUVRQDOL]DGDV FRPSXHVWDV GH SODWR OODQR SODWR KRQGR \ WD]yQ 3HUVRQDOL]DEOHV FRQ HO QRPEUH $SWDV SDUD ODYDYDMLOODV QR VH UHFRPLHQGD SDUD PLFURRQGDV
SUHFLR ¼ OHWUDV GHFRUDWLYDV OHWUDV PD\~VFXODV VXHOWDV GH FP GH JURVRU FP DOWR SUHFLR ¼ XQLGDG OHWUDV PD\~VFXODV VXHOWDV PP GH JURVRU FP DOWR SDUD SHJDU HQ OD SDUHG SUHFLR ¼ XQLGDG SDUD QRPEUHV GH PiV GH OHWUDV FRQVXOWDU SUHFLR HVSHFLDO
OHWUDV FDOLJUDItD LQIDQWLO PP GH JURVRU HQWUH FP DOWR
SUHFLR ¼ OHWUD
SODFDV GH SXHUWD PP JURVRU [ FP DSUR[ ODV SODFDV OOHYDQ WLUD DGKHVLYD GH GREOH FDUD SDUD SRGHU SHJDUODV HQ OD SXHUWD
SUHFLR ¼ XQLGDG
FRMLQHV SHUVRQDOL]DGRV [ LQFOX\H UHOOHQR
SUHFLR ¼ DUWtFXOR PX\ GHOLFDGR ODYDU VLQ IURWDU \ SODQFKDU VXDYHPHQWH SRU HO UHYpV
SDQWDOODV GH OiPSDUDV WHFKR VREUHPHVD
SLQWDGDV D PDQR \ GHFRUDGDV FRQ WHMLGRV OD]RV PHGLGDV [ [ ¼ [ [ ¼ [ [ ¼ [ [ ¼ [ [ ¼