Post on 15-Dec-2015
description
$PLORLGRVLVSULPDULD_)XQGDFLyQ-RVHS&DUUHUDVFRQWUDOD/HXFHPLD
KWWSZZZIFDUUHUDVRUJHVDPLORLGRVLVSULPDULDB
$PLORLGRVLVSULPDULD
4XpHVODDPLORLGRVLVSULPDULD\DTXLpQDIHFWD"
/DDPLORLGRVLVSULPDULD$/HVXQDHQIHUPHGDGFODVLILFDGDGHQWURGHODVGHQRPLQDGDVJDPPDSDWtDVPRQRFORQDOHV6HWUDWDGHXQWLSRGHFiQFHUHQHOTXHXQDVSURWHtQDVILEULODUHVVXVWDQFLDDPLORLGHVHGHSRVLWDQHQORVWHMLGRVHQFDQWLGDGHVVXILFLHQWHVFRPRSDUDGHWHULRUDUODIXQFLyQQRUPDOGHOyUJDQRDIHFWDGR
/DVFDXVDVGHODSURGXFFLyQGHODVXVWDQFLDDPLORLGH\GHVXGHSyVLWRHQORVWHMLGRVVRQGHVFRQRFLGDVDXQTXHODDPLORLGRVLVSULPDULDHVWiUHODFLRQDGDFRQXQDSURGXFFLyQDQyPDODGHDQWLFXHUSRVSRUSDUWHGHXQDVFpOXODVGHULYDGDVGHORVOLQIRFLWRV%ODVFpOXODVSODVPiWLFDV
/DDPLORLGRVLVSULPDULDHVXQWLSRGHQHRSODVLDPX\SRFRFRP~Q6XLQFLGHQFLDHQ(VSDxDHVGHXQRVFDVRVSRUFDGDPLOOyQGHKDELWDQWHV\DxR6XHOHDIHFWDUSUHGRPLQDQWHPHQWHDYDURQHVGHHGDGDYDQ]DGDVLHQGRODPHGLDGHHGDGDxRV
/RVVtQWRPDV\VXGLDJQyVWLFR
/DDPLORLGRVLVSULPDULDVXHOHWHQHUXQFXUVRFUyQLFR\FRQXQDHYROXFLyQPX\OHQWDSXGLHQGRSHUPDQHFHUDVLQWRPiWLFDGXUDQWHDxRVVLWXDFLyQHQODTXHQRUHTXLHUHWUDWDPLHQWR
/RVSULQFLSDOHVVtQWRPDVXQDYH]VHPDQLILHVWDQGHIRUPDFOtQLFDVRQHOFDQVDQFLR\ODSpUGLGDGHSHVRHGHPDVSRUODDIHFWDFLyQUHQDOTXHFDXVDXQVtQGURPHQHIUyWLFRGLVQHDVHQVDFLyQGHIDOWDGHDLUHGHELGDDLQVXILFLHQFLDFDUGtDFDDXPHQWRGHWDPDxRGHOKtJDGRKHSDWRPHJDOLDWUDVWRUQRVVHQVLWLYRVHQPDQRV\SLHVDXPHQWRGHOWDPDxRGHODOHQJXDWHQGHQFLDDODKLSRWHQVLyQGLDUUHDVLPSRWHQFLDHQWUHRWURV(VWDVPDQLIHVWDFLRQHVFOtQLFDVVRQGHELGDVDODGLVIXQFLyQGHORVyUJDQRVGHELGRDORVGHSyVLWRVGHPDWHULDODPLORLGH
(OGLDJQyVWLFRGHODDPLORLGRVLVSULPDULDVHEDVDHOKDOOD]JRGHOPDWHULDODPLORLGHHQORVWHMLGRV+DELWXDOPHQWHVHSURFHGHUiDHIHFWXDUDQiOLVLVGHVDQJUHDGHPiVGHXQDELRSVLDGHODJUDVDVXEFXWiQHDSRVLWLYDHQHOGHORVSDFLHQWHVGH$/6LHVWDELRSVLDHVQHJDWLYDVHUHDOL]DUtDRWUDUHFWDORPHGXODU\VLORVUHVXOWDGRVFRQWLQ~DQVLHQGRQHJDWLYRVXQDELRSVLDGHXQyUJDQRDIHFWDGR
$GLFLRQDOPHQWHDSHVDUGHQRH[LVWLUVtQWRPDVHVQHFHVDULRYDORUDUHOHVWDGRGHFDGDXQRGHORVSRVLEOHVyUJDQRVDIHFWRV'HQWURGHOHVWXGLRGHEHHVWXGLDUVHODSURWHtQDSUHFXUVRUDVGHODVILEULOODVGHSRVLWDGDVFRQODILQDOLGDGGHGHVFDUWDURWUDVIRUPDVGHDPLORLGRVLVFRPRODIDPLOLDUODVHFXQGDULDRODVHQLO
6XSURQyVWLFR
(OSURQyVWLFRSDUDORVSDFLHQWHVFRQDPLORLGRVLVSULPDULDGHSHQGHHQJUDQPDQHUDGHORVyUJDQRVDIHFWDGRV&RQWRGRODDXVHQFLDGHXQWUDWDPLHQWRVFDSDFHVIUHQDUHOGHSyVLWR\UHYHUWLUOD
8WLOL]DPRVFRRNLHVSDUDSRGHUHVWXGLDU\PHMRUDUODH[SHULHQFLDGHXVXDULRGHORVYLVLWDQWHVGHODZHE6LFRQWLQXDVQDYHJDQGRSRUODZHEHQWHQGHPRVTXHDFHSWDVQXHVWUDSROtWLFDGHFRRNLHV
)XQGDFLyQ-RVHS&DUUHUDVFRQWUDOD/HXFHPLD
$PLORLGRVLVSULPDULD_)XQGDFLyQ-RVHS&DUUHUDVFRQWUDOD/HXFHPLD
KWWSZZZIFDUUHUDVRUJHVDPLORLGRVLVSULPDULDB
VXVWDQFLD\DGHSRVLWDGD\ODKDELWXDOHGDGDYDQ]DGDGHORVSDFLHQWHVKDFHQTXHHOVXSURQyVWLFRVHDGHVIDYRUDEOH
6XWUDWDPLHQWR
(QSULPHUOXJDUGHEHYDORUDUVHVLHOSDFLHQWHHVHOHJLEOHSRUVXHGDG\GDxRRUJiQLFRSDUDXQWUDVSODQWHDXWyORJRGHSURJHQLWRUHVKHPDWRSR\pWLFRV(QORVSDFLHQWHVHOHJLEOHVODWR[LFLGDGGHOSURFHGLPLHQWRHVDFHSWDEOHSRUORTXHHOWUDVSODQWHSXHGHFRQVLGHUDUVHFRPRXQDRSFLyQWHUDSpXWLFDGHSULPHUDOtQHD'HVDIRUWXQDGDPHQWHHVWHSURFHGLPLHQWRQRORJUDODFXUDFLyQGHODHQIHUPHGDGSHURVLSHUPLWHDOFDQ]DUUHPLVLRQHVHQRFDVLRQHVSURORQJDGDV\ODPHMRUtDGHORVyUJDQRVDIHFWRV
(QFDVRVVHOHFFLRQDGRVHQORVTXHHOGDxRFDUGtDFRHVHOSULQFLSDOIDFWRUOLPLWDQWHSXHGHSODQWHDUVHXQWUDVSODQWHFDUGtDFRVHJXLGRDOSRFRWLHPSRSRUXQWUDVSODQWHKHPDWRSR\pWLFR
(QORVFDVRVQRDFHSWDEOHVSDUDXQWUDVSODQWHSRUHVFDVDRH[FHVLYDDIHFWDFLyQHOWUDWDPLHQWRVHEDVDHQODDGPLQLVWUDFLyQGHFLFORVGHGH[DPHWDVRQDDVRFLDGDDPHOIDOiQRPiVUHFLHQWHPHQWHERUWH]RPLGOHQDOLQRPLGDRFLFORIRVIDPLGDWDOLGRPLGD$VLPLVPRHOWUDWDPLHQWRLQFOX\HORVSURSLRVGHODDIHFWDFLyQYLVFHUDOSURGXFLGDFRPRODLQVXILFLHQFLDUHQDORFDUGtDFD
/DILQDOLGDGGHWRGRVORVWUDWDPLHQWRVHVVLHPSUHIUHQDUODHYROXFLyQGHODHQIHUPHGDG\PHMRUDUORVVtQWRPDV\DTXHODPHQWDEOHPHQWHQLQJXQRGHHOORVSXHGHFXUDUOD
0iVLQIRUPDFLyQVREUHODDPLORLGRVLVSULPDULD
3DUDPiVLQIRUPDFLyQVHSXHGHQFRQVXOWDUODVVLJXLHQWHVSiJLQDVZHE
$PLORLGRVLVSULPDULD0HGOLQH3OXVHQFLFORSHGLDPpGLFD
$P\ORLGRVLV)RXQGDWLRQLQIRUPDFLyQHQLQJOpV
$SR\R\D\XGD
6LSDGHFHVDPLORLGRVLVSULPDULDRHOSDFLHQWHHVXQIDPLOLDUWDPELpQSXHGHVDFFHGHUDOIRURGHSDFLHQWHV\H[SDFLHQWHVGHOD)XQGDFLyQ-RVHS&DUUHUDVXQJUXSRGHSHUVRQDVTXHVHDSR\DQ\DFRQVHMDQSDUDYLYLUHVWDVLWXDFLyQGHODPHMRUPDQHUDSRVLEOH3XHGHVDFFHGHUDO)RURGHVGHDTXt6LUHVLGHVHQ(VSDxDWDPELpQSXHGHVSRQHUWHHQFRQWDFWRFRQQRVRWURVHQYLiQGRQRVXQHPDLODFRPXQLFDFLR#IFDUUHUDVHVVLTXLHUHVTXHWHD\XGHPRVDSRQHUWHHQFRQWDFWRFRQRWUDVSHUVRQDVTXHHVWiQOXFKDQGRFRQWUDHVWDHQIHUPHGDG
7DPELpQSXHGHVFRQVXOWDURWURVHQODFHVLQWHUHVDQWHVDTXt
3iJLQDZHEDFWXDOL]DGD