Avaliação dos hábitos tabágicos, da insatisfação da imagem corporal e da auto-estima em adolescentes do 10.º, 11.º e 12.º anos escolares : trabalho de investigação : evaluation of the smoking habits, body image dissatisfaction and self-esteem in adolescen

Texto

(1) $YDOLDomRGRV+iELWRV7DEiJLFRVGD,QVDWLVIDomR GD,PDJHP&RUSRUDOHGD$XWRHVWLPDHP $GROHVFHQWHVGRHDQRVHVFRODUHV (YDOXDWLRQRIWKH6PRNLQJ+DELWV%RG\,PDJH 'LVVDWLVIDFWLRQDQG6HOIHVWHHPLQ$GROHVFHQWVRIWK WKDQGWKJUDGHV -~OLD$OLQD*RQoDOYHV)HUQDQGHV 2ULHQWDGRSRU0HVWUH'LDQD6LOYD 7LSRGHGRFXPHQWR7UDEDOKRGH,QYHVWLJDomR 3RUWR.

(2) . L $JUDGHFLPHQWRV. ¬ RULHQWDGRUD 0HVWUH 'LDQD 6LOYD SHOR DSRLR GHGLFDomR H SDFLrQFLD QD RULHQWDomR GHVWH WUDEDOKR $JUDGHoR WRGDV DV VXJHVW}HV FRUUHFo}HV H DR HVSHFLDO FXLGDGR H[SHULHQWH DVSHFWRV WRGRV HOHV LPSUHVFLQGtYHLV SDUD D UHDOL]DomRGRPHVPR $RV SURIHVVRUHV FRODERUDGRUHV H DRV DOXQRV LQWHUYHQLHQWHV GDV HVFRODV &ROpJLR /XVR)UDQFrV ± 3RUWR (VFROD $EHO6DOD]DU ± 6mR 0DPHGH GH ,QIHVWD H (VFROD (PtGLR *DUFLD ± %UDJDQoD TXH JHQWLOPHQWH H GH WmR GH ERD YRQWDGH SDUWLFLSDUDPQHVWHWUDEDOKRGHLQYHVWLJDomR $R 6HUYLoR GH (VWDWtVWLFD 0pGLFDGD )DFXOGDGHGH 0HGLFLQD GD 8QLYHUVLGDGH GR 3RUWR VREUHWXGR j 0HVWUH &OiXGLD &DPLOD SHOD SUHFLRVD H LQFDQViYHO FRODERUDomRQRWUDWDPHQWRHDQiOLVHHVWDWtVWLFDGRVGDGRV $RVDPLJRVHIDPtOLD . .

(3) LL ËQGLFH $*5$'(&,0(1726 L /,67$'($%5(9,$785$6 LLL 5(6802 SRUWXJXrVHLQJOrV

(4) LY 3$/$95$6&+$9( SRUWXJXrVHLQJOrV

(5) YLL ,1752'8d2 2%-(&7,926 0$7(5,$/(0e72'26 6(/(&d2'$$02675$ 35272&2/2'($9$/,$d2 75$7$0(172(67$7Ë67,&2 5(68/7$'26 ',6&8662 &21&/86®(6(68*(67®(6 5()(5Ç1&,$6%,%/,2*5È),&$6 . .

(6) . LLL /LVWDGH$EUHYLDWXUDV . &'&±&HQWHURI'LVHDVH&RQWURODQG3UHYHQWLRQ ($±&ROpJLR/XVR)UDQFrV±3RUWR LQVWLWXLomRSULYDGD

(7) (%±(VFROD6HFXQGiULD$EHO6DOD]DU±6mR0DPHGHGH,QIHVWDGR'LVWULWRGR 3RUWR LQVWLWXLomRS~EOLFD

(8) (&±(VFROD6(PtGLR*DUFLD±%UDJDQoD LQVWLWXLomRS~EOLFD

(9) *<76±*OREDO<RXWK7REDFFR6XUYH\ ,0&±ËQGLFHGH0DVVD&RUSRUDO 206±2UJDQL]DomR0XQGLDOGH6D~GH S±1tYHOGHVLJQLILFkQFLD . .

(10) LY 5(6802 2EMHFWLYR2WDEDJLVPRpXPJUDYHSUREOHPDGHVD~GHTXHSDUHFHWHULQtFLRHP LGDGHVFDGDYH]PDLVSUHFRFHV)RUDPREMHFWLYRVGHVWHHVWXGRDYDOLDURVKiELWRV WDEiJLFRVDLQVDWLVIDomRGDLPDJHPFRUSRUDOHDDXWRHVWLPDGHXPDSRSXODomR GHDOXQRVGRHQVLQRVHFXQGiULR 0DWHULDOHPpWRGRV)RUDPDYDOLDGRVDGROHVFHQWHVGHDPERVRVVH[RVFRP LGDGHVFRPSUHHQGLGDVHQWUHRVHRVDQRVSURYHQLHQWHVGHDJUXSDPHQWRV HVFRODUHV GR HQVLQR VHFXQGiULR 3DUD DOpP GD DSOLFDomR GH XP TXHVWLRQiULR DGDSWDGR GR *OREDO <RXWK 7REDFFR 6XUYH\ *<76

(11) SURFHGHXVH WDPEpP j DYDOLDomR GD LQVDWLVIDomR GD LPDJHP FRUSRUDO GD DXWRHVWLPD H GR HVWDGR GH QXWULomRGRVDGROHVFHQWHV 5HVXOWDGRV$PpGLDGHLGDGHVGDDPRVWUDIRLGH'RVDGROHVFHQWHV DYDOLDGRV Mi WLQKD H[SHULPHQWDGR IXPDU GRV TXDLV UDSDULJDV H UDSD]HV

(12) DGPLWLXQmR WHUIXPDGRQRPrV DQWHULRU DR TXHVWLRQiULR IRUDP FRQVLGHUDGRV IXPDGRUHV RFDVLRQDLV H IXPDGRUHV KDELWXDLV 0DLV GH PHWDGH GRV DGROHVFHQWHV TXH Mi H[SHULPHQWDUDP IXPDU UHIHUHP WrOR IHLWR HQWUH RV H DQRV GH LGDGH

(13) 'RV DGROHVFHQWHV TXH Mi WLQKDP H[SHULPHQWDGRIXPDUJRVWDULDPGHDSUHVHQWDUXPDLPDJHPFRUSRUDOPDLV PDJUDGRVDGROHVFHQWHVFRQVLGHUDTXHIXPDUOHYDjSHUGDGHSHVRVHQGR HVWHFRQFHLWRPDLVHYLGHQWHQRVH[RIHPLQLQR

(14) 0DLVGHDGPLWHIXPDU FRPRVFROHJDVVHQGRRVHVSDoRVS~EOLFRVRORFDOSULYLOHJLDGR

(15) VHJXLGRV GRVHYHQWRVVRFLDLV

(16) HGDHVFROD

(17) $SULQFLSDOUD]mRDSRQWDGDSDUD QmR GHL[DU GH IXPDU IRL R SUD]HU

(18) VHJXLGR GR UHFHLR GH JDQKDU SHVR

(19) 1D DFWXDO DPRVWUD GRV DGROHVFHQWHV DGPLWLX TXH D WHPiWLFD GR. .

(20) . Y. WDEDJLVPR QXQFD IRL DERUGDGD QD HVFROD GXUDQWH R DQR OHFWLYR HP TXH UHVSRQGHUDP DR TXHVWLRQiULR 1mR IRL HQFRQWUDGD QHQKXPD DVVRFLDomR HQWUH R FRQVXPR GH WDEDFR H D DXWRHVWLPD GR DGROHVFHQWH (PERUD QmR WHQKD VLGR HQFRQWUDGRVLJQLILFDGRHVWDWtVWLFRUHODWLYDPHQWHjLQLFLDomRGRFRQVXPRGHWDEDFR FRP R EDL[R JUDX GH HVFRODULGDGH GR SDL S

(21) HVWD DVVRFLDomR IRL HVWDWLVWLFDPHQWH VLJQLILFDWLYD UHODWLYDPHQWH j HVFRODULGDGH GD PmH S

(22) 2 PHVPRVHYHULILFRXUHODWLYDPHQWHDRIDFWRGDPmHVHUIXPDGRUD S

(23) &RQFOXVmR 2EVHUYDVH XPD HOHYDGD SURSRUomR GH DGROHVFHQWHV HQWUH RV H RV DQRVGH LGDGHTXH Mi WLQKDH[SHULPHQWDGRIXPDU 2 GHVHMR GH VH WHU XPD LPDJHP FRUSRUDO PDLV PDJUD RX D VLPSOHV FUHQoD QD SHUGD GH SHVR SRGHP VHU IDFWRUHV GHVHQFDGHDQWHV GD LQLFLDomR GR FRQVXPR GH WDEDFR SULQFLSDOPHQWH QR VH[R IHPLQLQR e IXQGDPHQWDO TXH D DERUGDJHP GD WHPiWLFD GR WDEDJLVPR VREUHWXGR FRPR IRUPD GH SUHYHQomR VHMD LQLFLDGD HP LGDGHV PDLV SUHFRFHV VHQGRLPSHUDWLYDXPDPHOKRULDVXEVWDQFLDOGRHQVLQRDFHUFDGRVHIHLWRVQRFLYRV GRWDEDFR . .

(24) YL $%675$&7 2EMHFWLYH6PRNLQJLVDVHULRXVKHDOWKSUREOHPWKDWVHHPVWRVWDUWLQHYHUHDUOLHU DJHV 7KLV VWXG\ ZDV DLPHG WR PHDVXULQJ VPRNLQJ SUHYDOHQFH ERG\ LPDJH GLVVDWLVIDFWLRQDQGVHOIHVWHHPLQDGROHVFHQWVRIWKWKDQGWKJUDGHV 0DWHULDODQG0HWKRGV7KHVWXG\JURXSLQFOXGHGDGROHVFHQWVRIERWKVH[ DJHGEHWZHHQDQG\HDUVROGVHOHFWHGIURPGLIIHUHQWJURXSVRIKLJKVFKRRO VWXGHQWV%HVLGHVLPSOHPHQWDWLRQRIDTXHVWLRQQDLUHDGDSWHGIURP*OREDO<RXWK 7REDFFR6XUYH\ *<76

(25) ERG\LPDJHGLVVDWLVIDFWLRQVHOIHVWHHPDQGWKHQXWULWLRQ VWDWHRIDGROHVFHQWVZHUHDOVRDVVHVVHG 5HVXOWV7KHDYHUDJHDJHRIWKHVDPSOHZDVDGROHVFHQWV KDGWULHGVPRNLQJDWOHDVWRQFH JLUOVYVER\V

(26) DGPLWWHGQRW KDYLQJVPRNHGLQWKHSUHFHGLQJPRQWKZHUHRFFDVLRQDOVPRNHUVDQG ZHUHUHJXODUVPRNLQJ0RUHWKDQDKDOIRIDGROHVFHQWVZKRKDYHWULHG VPRNLQJUHIHUUHGWKDWLWKDGKDSSHQHGEHWZHHQDQG\HDUVRIDJH

(27) $ERXWWHHQDJHUVZKRKDGWULHGVPRNLQJZRXOGOLNHWRSUHVHQWDOHDQHU ERG\LPDJHRIDGROHVFHQWVWKLQNWKDWVPRNLQJOHDGVWRZHLJKWORVVWKLV FRQFHSWLVPRUHREYLRXVLQIHPDOHV

(28) 2YHUDGPLWWHGVPRNLQJZLWK IULHQGVDQGSXEOLFVSDFHVZHUHWKHSODFHSUHIHUUHG

(29) IROORZHGE\VRFLDO HYHQWV

(30) DQGVFKRRO

(31) 7KHPDLQUHDVRQIRUQRWJLYLQJXSVPRNLQJ ZDVWKHSOHDVXUH

(32) IROORZHGE\WKHIHDURIJDLQLQJZHLJKW

(33) ,QWKHFXUUHQWVDPSOHRIWHHQDJHUVDGPLWWHGWKDWWKHLVVXHRIVPRNLQJZDV QHYHUUDLVHGGXULQJWKHSUHVHQWVFKRRO\HDU7KHUHZDVQRWIRXQGDQ\DVVRFLDWLRQ EHWZHHQWKHFRQVXPSWLRQRIWREDFFRDQGWKHVHOIHVWHHPRIDGROHVFHQWV$OWKRXJK LW KDV QRW EHHQ IRXQG VWDWLVWLFDO VLJQLILFDQFH UHJDUGLQJ WKH LQLWLDWLRQ RI WREDFFR FRQVXPSWLRQ ZLWK WKH ORZ IDWKHU¶V JUDGH S

(34) D VWDWLVWLFDOO\ VLJQLILFDQW. .

(35) . YLL. DVVRFLDWLRQ ZDV IRXQG ZKHQ FRPSDULQJ WKLV YDULDEOH WR WKH PRWKHU¶V JUDGH S

(36) 7KHVDPHRFFXUUHGZKHQWKHPRWKHULVDVPRNHU S

(37) &RQFOXVLRQ7KHUHLVDKLJKSURSRUWLRQRIDGROHVFHQWVEHWZHHQDQG\HDUV WKDWKDGDOUHDG\WULHGVPRNLQJDWOHDVWRQFH7KHGHVLUHWRWDNHDOHDQHUERG\ LPDJHRUWKHVLPSOHEHOLHIRIORVLQJZHLJKWPD\EHIDFWRUVWULJJHULQJWKHLQLWLDWLRQRI WREDFFRFRQVXPSWLRQPDLQO\DPRQJJLUOV,WLVHVVHQWLDOWRDSSURDFKWKHLVVXHRI VPRNLQJSDUWLFXODUO\DVDPHDQVRISUHYHQWLRQWREHODXQFKHGLQHDUO\DJHEHLQJ PDQGDWRU\DVXEVWDQWLDOLPSURYHPHQWRIHGXFDWLRQDERXWWKHKDUPIXOHIIHFWVRI WREDFFR 3$/$95$6&+$9( $GROHVFHQWHV+iELWRV7DEiJLFRV,QVDWLVIDomRGD,PDJHP&RUSRUDO$XWRHVWLPD .(<:25'6 $GROHVFHQWV6PRNLQJ+DELWV%RG\,PDJH'LVVDWLVIDFWLRQ6HOIHVWHHP . .

(38) $YDOLDomRGRVKiELWRVWDEiJLFRVGDLQVDWLVIDomRGDLPDJHPFRUSRUDOHGDDXWR HVWLPDHPDGROHVFHQWHVGRHDQRVHVFRODUHV. . ,1752'8d2 1XPDpSRFDQmRPXLWRGLVWDQWH

(39) IXPDUIRLFRQVLGHUDGRXPDFWRJODPXURVR H HOHJDQWH.

(40). $V PXOKHUHV IXPDGRUDV SRGHULDP PHVPR VHU FRQVLGHUDGDV. DXWyQRPDVLQGHSHQGHQWHVVRILVWLFDGDVHFRPSHUVRQDOLGDGHH[WURYHUWLGD

(41) (UD VtPERORGHPXGDQoDVRFLDOHGHOLEHUGDGHSDUDDpSRFD

(42) &RQWXGRDFWXDOPHQWHRFRQVXPRGHWDEDFRpXPDGDVPDLRUHVFDXVDVGHPRUWH H GH GRHQoD QRPXQGR SULQFLSDOPHQWH QRV SDtVHV GHVHQYROYLGRV RQGH GH ELOL}HVGHIXPDGRUHVPXQGLDLVUHVLGH

(43) eWDPEpPDPDLRUFDXVDSUHYHQtYHO GHPRUWDOLGDGHHPRUELOLGDGHVSUHPDWXUDV

(44) 7UDWDVH GH XP SUREOHPD GH VD~GH PXQGLDO $ 2UJDQL]DomR 0XQGLDO GH 6D~GH 206

(45) DWULEXL DSUR[LPDGDPHQWH PLOK}HV GH PRUWHV SRU DQR DR WDEDJLVPR QRPHDGDPHQWH SRU FDQFUR GH SXOPmR GRHQoDV GR FRUDomR H RXWUDV FRPSOLFDo}HVDSUHVHQWDQGRVHFRPRDVHJXQGDPDLRUFDXVDGHPRUWHGRPXQGR

(46). . eDOLiVFRQVLGHUDGRXPDGRHQoDFUyQLFD

(47) e WDPEpP HVSHUDGR TXH HVWH Q~PHUR H[FHGD RV PLOK}HV SRU DQR HP SRGHQGR PHVPR FKHJDU D ELOLmR GH PRUWHV DWp DR ILQDO GR VpFXOR

(48) $ 206SUHYrWDPEpPTXHEUHYHPHQWHRWDEDJLVPRVHMDUHVSRQViYHOSRUFHUFDGH GRVFDVRVGHGRHQoDHGHPRUWHQRVSDtVHVVXEGHVHQYROYLGRV

(49) 2 WDEDJLVPR SDVVLYR p KRMH D PDLRU FDXVD GH PRUWH SUHYHQtYHO QR PXQGR VXEVHTXHQWHDRWDEDJLVPRDFWLYRHDRFRQVXPRH[FHVVLYRGHiOFRRO

(50) &HUFDGH GDSRSXODomRPXQGLDOFRUUHVSRQGHDIXPDGRUHVSDVVLYRV

(51) 2 IXPDGRU SDVVLYR SRGH VHU FRQVLGHUDGR FRPR XP LQGLYtGXR GD SRSXODomR H[SRVWRDRIXPRLQYROXQWiULRGRWDEDFR

(52) $WD[DGHPRUWDOLGDGHQRVLQGLYtGXRV IXPDGRUHV DFWLYRV p DSHQDV GXDV YH]HV VXSHULRU j GRV IXPDGRUHV SDVVLYRV GH. -~OLD$OLQD*RQoDOYHV)HUQDQGHV. . .

(53) . . $YDOLDomRGRVKiELWRVWDEiJLFRVGDLQVDWLVIDomRGDLPDJHPFRUSRUDOHGDDXWR HVWLPDHPDGROHVFHQWHVGRHDQRVHVFRODUHV. PHLDLGDGH

(54) 7DO IDFWR WRUQDUVHi EUHYHPHQWH WmR DJUDYDQWH FRPR SDUD RV. IXPDGRUHV DFWLYRV GHSHQGHQGR GRV IDFWRUHV GH ULVFR H FRQGX]LUi DRV PHVPRV HIHLWRVDORQJRSUD]R

(55) 'HUHIHULURVHQRUPHVULVFRVDRVTXDLVDVPXOKHUHVJUiYLGDVVHH[S}HPPHVPR DTXDQGR IXPDGRUDV SDVVLYDV SULQFLSDOPHQWH QR TXH GL] UHVSHLWR DR DWUDVR GR FUHVFLPHQWR GR IHWR H PRUELOLGDGHVPRUWDOLGDGH SUpQDWDLV DWUDVR GH FUHVFLPHQWR«

(56)

(57) 'HLJXDOPRGRDFULDQoDQRSULPHLURDQRGHYLGDHQFRQWUDVH SDUWLFXODUPHQWH YXOQHUiYHO.

(58). &DOFXODVH TXH VRPHQWH FHUFD GH GD. SRSXODomR PXQGLDO HVWHMD SURWHJLGD SHOD OHJLVODomR DQWLWDEiJLFD XQLFDPHQWH SDtVHVUHSUHVHQWDQGRGDSRSXODomRQRPXQGR

(59) 7DOVLWXDomRpDODUPDQWH XPDYH]TXHpFRQVLGHUDGRRYDORUPtQLPRDFHLWiYHO

(60) $ 206 GHILQH DGROHVFrQFLD FRPR R SHUtRGR FRPSUHHQGLGR HQWUH RV H RV DQRV H DOJXQV DXWRUHV FRQVLGHUDP TXH D JUDQGH PDLRULD GRV DGROHVFHQWHV FRPHoDDIXPDUHQWUHRVHRVDQRVGHLGDGH

(61)

(62) 2EVHUYDVHTXH DGROHVFHQWHV IXPDGRUHV WrP DOWD SUREDELOLGDGH GH VH WRUQDUHP DGXOWRV IXPDGRUHVHGHVGHRPRPHQWRHPTXHVHH[SHULPHQWDRSULPHLURFLJDUURDWpDR VHXFRQVXPRUHJXODUSRGHPGHFRUUHUGRLVRXPDLVDQRVRXDWpPHVPRVHUPDLV UiSLGR

(63) (P3RUWXJDORFRQVXPRGHWDEDFRQRVDGROHVFHQWHVWHPYLQGRDDXPHQWDU

(64) 8P HVWXGR UHDOL]DGR QXPD DPRVWUD UHSUHVHQWDWLYD GH DGROHVFHQWHV UHVLGHQWHV QXP JUDQGH FHQWUR XUEDQR SRUWXJXrV UHYHORX TXH DRV DQRV Mi WLQKDP H[SHULPHQWDGR IXPDU H FHUFD GH IXPDYDP FRP UHJXODULGDGH.

(65). $. SHUFHQWDJHPGHDGROHVFHQWHVIXPDGRUHVGRVH[RIHPLQLQRIRLVXSHULRUjGRVH[R PDVFXOLQR YV

(66)

(67) )RUDP IDFWRUHV GHWHUPLQDQWHV SDUD H[SHULPHQWDU. -~OLD$OLQD*RQoDOYHV)HUQDQGHV.

(68) $YDOLDomRGRVKiELWRVWDEiJLFRVGDLQVDWLVIDomRGDLPDJHPFRUSRUDOHGDDXWR HVWLPDHPDGROHVFHQWHVGRHDQRVHVFRODUHV. . IXPDU WHU LUPmRV PDLV YHOKRV HRX SDLV IXPDGRUHV VREUHWXGR HP IDPtOLDV PRQRSDUHQWDLV

(69) HDPLJRVIXPDGRUHV

(70) 7DOFRPSRUWDPHQWRpPDLRULWDULDPHQWHLQLFLDGRQDHVFROD

(71) (VWHIDFWRUHYHODD LPSRUWkQFLD GD HGXFDomR SDUD D VD~GH QR PHLR HVFRODU H WDPEpP FRPR RV VLVWHPDVGHUHSUHVVmRGRWDEDJLVPRHPYLJRUVmRPDLVWHyULFRVTXHHIHFWLYRV

(72) &RPSDUDQGR HVWXGDQWHV GH HVFRODV S~EOLFDV YV SULYDGDV HVWHV ~OWLPRV UHYHODP SRXFR FRQKHFLPHQWR VREUH DV LPSOLFDo}HV GR WDEDFR SDUD D VD~GH H DWLWXGHV PDLVIDYRUiYHLVHPUHODomRDRWDEDJLVPR

(73) (VWXGRV GHPRQVWUDUDP TXH VmR PDLRULWDULDPHQWH DVDGROHVFHQWHV UDSDULJDV TXH LQLFLDP R FRQVXPR GH WDEDFR HQWUH RV H DQRV GH LGDGH VREUHWXGR SRU LQIOXrQFLD GRV FROHJDV GH HVFROD

(74) &RQVLGHUDVH TXH R SUySULR DPELHQWH HVFRODU DV UHODo}HV FRP RV SURIHVVRUHV H DWLWXGHV GR DOXQR SHUDQWH D HVFROD SRGHPLQIOXHQFLDURFRQVXPRGHWDEDFR

(75) $ SUHVVmR VRFLDO H RV DPLJRV VmR DSRQWDGRV FRPR DV SULQFLSDLV UD]}HV SDUD FRPHoDUDIXPDU

(76) 2DXPHQWRGRULVFRQDDTXLVLomRGHKiELWRVWDEiJLFRVHVWi DVVRFLDGRDRIDFWRGRVFROHJDVHPRGHORVVRFLDLVIXPDUHPGHILFLHQWHDERUGDJHP SRUSDUWHGRVSDLVEDL[RQtYHOVRFLRHFRQyPLFRHXPDPHVDGDDEXQGDQWH

(77) (VWXGDQWHVILOKRVGHSDLVIXPDGRUHVHVWmRPHQRVLQIRUPDGRVDFHUFDGRVULVFRV GRFRQVXPRGRWDEDFRHIXPDPPDLV

(78) ,JXDOPHQWHILOKRVGHPmHVIXPDGRUDV SRGHPIXPDUPDLVGRTXHILOKRVGHSDLVIXPDGRUHV

(79) 2 FRQVXPR GH WDEDFR QRV DGROHVFHQWHV HVWi LQYHUVDPHQWH UHODFLRQDGR FRP D IDOWD GH SDUWLFLSDomR HP GHVSRUWRV GH HTXLSD LQJHVWmR UHJXODU GDV UHIHLo}HV GLiULDV H FRQVXPR GH DOLPHQWRVQXWULHQWHV FRQVLGHUDGRV VDXGiYHLV

(80) (VWHV IUHTXHQWHPHQWH LQJHUHP DOLPHQWRV IDVWIRRG H EHELGDV DOFRyOLFDV GHVWLODGDV. -~OLD$OLQD*RQoDOYHV)HUQDQGHV. . .

(81) . . $YDOLDomRGRVKiELWRVWDEiJLFRVGDLQVDWLVIDomRGDLPDJHPFRUSRUDOHGDDXWR HVWLPDHPDGROHVFHQWHVGRHDQRVHVFRODUHV. VHQGRPXLWRSRXFRHPSHQKDGRVQXPDSUiWLFDGHH[HUFtFLRItVLFRUHJXODU

(82) (P VXPDDGROHVFHQWHVIXPDGRUHVDSUHVHQWDPHVWLORVGHYLGDPHQRVVDXGiYHLV

(83) 2XWUR GRV IDFWRUHV FDGD YH] PDLV DVVRFLDGR DR WDEDJLVPR QD DGROHVFrQFLD p D FUHQoD GR XVR GH WDEDFR FRPR IRUPD GH FRQWUROR GH SHVR.

(84). (VWXGRV. GHPRQVWUDP TXH GDV UDSDULJDV H GRV UDSD]HV IXPDGRUHV PHQFLRQDP UHFRUUHUDRFRQVXPRGHWDEDFRSDUDFRQWURODURDSHWLWHLQJHVWmRHRSHVR

(85) $SHVDU GRV DOWRV QtYHLV GH GLVWRUo}HV GH LPDJHP FRUSRUDO XP JUXSR GH DQRUpFWLFDV UHVWULWLYDV GHPRQVWURX QXP HVWXGR TXH QmR XVD R WDEDJLVPR FRPR XPD HVWUDWpJLD GH FRQWUROR GH SHVR

(86) 2 FRQWUiULR VH SDVVRX FRP R JUXSR GDV EXOtPLFDV

(87) 2 FRQFHLWR GH LPDJHP FRUSRUDO WHP VLGR PDLV SUHYDOHQWH QDV DGROHVFHQWHVIXPDGRUDVGRTXHQDVQmRIXPDGRUDV

(88) 3DUHFHH[LVWLUXPDUHODomRHQWUHRLQLFLDUXPFRPSRUWDPHQWRGHGLHWDHRLQLFLDUR FRQVXPR GH WDEDFR H HP DGROHVFHQWHV QRUPRSRQGHUDLV R WDEDFR p PHVPR FRQVXPLGRSDUDWHQWDUSHUGHUSHVR

(89) 2 FRQFHLWR GH SHVR p LJXDOPHQWH DVVRFLDGR DR FRQFHLWR GH LPDJHP FRUSRUDO WDQWR QR DGXOWR FRPR HP LGDGHV PDLV MRYHQV 3DXO 6FKLOGHU GHILQH LPDJHP FRUSRUDO FRPR DOJR TXH XOWUDSDVVD DV SHUVSHFWLYDV QHXUROyJLFDV

(90) ,QFOXL DVSHFWRV FRQVFLHQWHV H LQFRQVFLHQWHV WRGDV DV YDULHGDGHV GH VHQVDo}HV H SHUFHSo}HVFRUSRUDLVHVWDQGRPDLVSUy[LPDGHXPDH[SHULrQFLDGHWRWDOLGDGH

(91). 2DXWRUHQIDWL]DPHVPRTXHDLPDJHPFRUSRUDOQmRpDSHQDVXPDFRQVWUXomR. FRJQLWLYD PDV WDPEpP XP UHIOH[R GH GHVHMRV HPRo}HV H LQWHUDFomR FRP RV RXWURV

(92) 'HVGH LGDGHV PXLWR SUHFRFHV TXH DV FDPDGDV SRSXODFLRQDLV PDLV MRYHQV VmR H[SRVWDVHLQIOXHQFLiYHLVSHODVPHQVDJHQVGDFRPXQLFDomRVRFLDOHGDVDWLWXGHV GRV IDPLOLDUHV H FROHJDV HP UHODomR D HVWHUHyWLSRV LUUHDOLVWDV GH LPDJHQV. -~OLD$OLQD*RQoDOYHV)HUQDQGHV.

(93) $YDOLDomRGRVKiELWRVWDEiJLFRVGDLQVDWLVIDomRGDLPDJHPFRUSRUDOHGDDXWR HVWLPDHPDGROHVFHQWHVGRHDQRVHVFRODUHV. FRUSRUDLV LGHDLV. .

(94). (QFRQWUDQGRVH HVWHV QXP HVWiJLR GR FLFOR GH YLGD. FDUDFWHUL]DGR SRU PXGDQoDV SVLFROyJLFDV HPRFLRQDLV VRPiWLFDV H FRJQLWLYDV H SHORDXPHQWRGDSUHRFXSDomRFRPDDSDUrQFLDItVLFD

(95) 1D DGROHVFrQFLD SHUtRGR FUtWLFR GH IRUPDomR GD LGHQWLGDGH R ULVFR GH LQVDWLVIDomR FRUSRUDO p DLQGD PDLRU R TXH SHUWXUED D DXWRLPDJHP H D DXWR HVWLPDSUHGLVSRQGRDDOWHUDo}HVSVLFROyJLFDV

(96) $ LQVDWLVIDomR FRUSRUDO MXQWDPHQWH FRP D HVWLPD FRUSRUDO p XP GRV FRPSRQHQWHVGDLPDJHPFRUSRUDOHIRFDOL]DFODUDPHQWHSUHRFXSDo}HVFRPSHVR IRUPDGRFRUSRHJRUGXUDWRWDO

(97) $ GLVWRUomR GD LPDJHP FRUSRUDO SRGH VHU GHILQLGD FRPR XPD IRUPD GH GLVW~UELR DIHFWLYR FRJQLWLYR FRPSRUWDPHQWDO RX SHUFHSWLYR TXH p LQIOXHQFLDGR GLUHFWD RX LQGLUHFWDPHQWH SRU DVSHFWRV GD VXD DSDUrQFLD ItVLFD.

(98). -XQWDPHQWH FRP D. LQVDWLVIDomRGDLPDJHPFRUSRUDOFRPSURPHWHVHRGHVHQYROYLPHQWRGR³QHJDWLYH VHOIZRUWK´DIHFWRQHJDWLYR

(99) $FWXDOPHQWH Ki XPD FUHVFHQWH WHQGrQFLD VRFLDO H FXOWXUDO SDUD FRQVLGHUDU D PDJUH]D FRPR XPD VLWXDomR LGHDO GH DFHLWDomR Hr[LWR R TXHSRGH DXPHQWDU D SUHRFXSDomRFRPDLPDJHPFRUSRUDO

(100) 1HVWH kPELWR DOJXQV WUDEDOKRV GH LQYHVWLJDomR UHODFLRQDP R EDL[R QtYHO GH VDWLVIDomR FRPD D LPDJHP FRUSRUDO H GH DXWRHVWLPD FRP RV KiELWRV WDEiJLFRV QRPHDGDPHQWHHPDGROHVFHQWHVGRVH[RIHPLQLQR

(101) 2XWURV HVWXGRV LQGLFDP XPD IRUWH DVVRFLDomR HQWUH D LQVDWLVIDomR FRUSRUDO H DV LPSOLFDo}HV QHJDWLYDV QD VD~GH H QR FRPSRUWDPHQWR GR LQGLYtGXR FRPR R DXPHQWR GH VLWXDo}HV GHSUHVVLYDV EDL[D DXWRHVWLPD DQVLHGDGH H PDLRU WHQGrQFLD SDUD FRPSRUWDPHQWRV GH ULVFR WDEDJLVPR DOFRROLVPR H DEXVR GH VXEVWkQFLDVWy[LFDV

(102)

(103) . -~OLD$OLQD*RQoDOYHV)HUQDQGHV. . .

(104) . . $YDOLDomRGRVKiELWRVWDEiJLFRVGDLQVDWLVIDomRGDLPDJHPFRUSRUDOHGDDXWR HVWLPDHPDGROHVFHQWHVGRHDQRVHVFRODUHV. 3HQVDVH TXH R DGROHVFHQWH WHP PHQWDOPHQWH XP FRUSR LGHDOL]DGR H TXDQWR PDLRU p D GLVWRUomR GD LPDJHP FRUSRUDO UHDO PDLRU VHUi D SRVVLELOLGDGH GH FRQIOLWRFRPSURPHWHQGRDVXDDXWRHVWLPD

(105) . $ DYDOLDomR GD DXWRHVWLPD GDV DOWHUDo}HV GR FRPSRUWDPHQWR DOLPHQWDU H GD LPDJHPFRUSRUDOVmRIUHTXHQWHPHQWHRVDVSHFWRVPDLVLQYHVWLJDGRVQRVHLRGRV IDFWRUHVSVLFROyJLFRVGRVDGROHVFHQWHVTXHFRPHoDPDIXPDU

(106) $SHVDU GR FRQFHLWR GH GHL[DU GH IXPDU LPSOLFDU SDUD TXDVH WRGD D SRSXODomR JDQKR GH SHVRXP HVWXGR SURYRX TXH XPSURJUDPD LQWHQVLYR FRP OLPLWDomR GD LQJHVWmR GH iOFRRO H DOLPHQWRV ULFRV HP JRUGXUD WDO FRPR R DXPHQWR GD SUiWLFD GHDFWLYLGDGHItVLFDSRGHDWHQXDURSHVRJDQKRGXUDQWHDFHVVDomRWDEiJLFD

(107) 6HQGR WDO FRPSRUWDPHQWR PDLRULWDULDPHQWH LQLFLDGR QD DGROHVFrQFLD IRL QHFHVViULR R HVWDEHOHFLPHQWR GH XP SURJUDPD GH SHVTXLVD UHODWLYDPHQWH FRQVXPRGHWDEDFRHPDGROHVFHQWHV

(108) 3DUD FRPSOHWDU D HVFDVVH] GH EDVHV GH GDGRV HP IRL LPSOHPHQWDGR SHOR &HQWHU RI 'LVHDVH &RQWURO DQG 3UHYHQWLRQ &'&

(109) R SURJUDPD *OREDO <RXWK 7REDFFR6XUYH\ *<76

(110) SDUDDSURPRomRGHVD~GH

(111) 2*<76ID]SDUWHGR *OREDO 7REDFFR 6XUYHLOODQFH 6\VWHP *766

(112) LQLFLDOPHQWH LPSOHPHQWDGR SHOD 206&'&H³WKH&DQDGLDQ3XEOLF+HDOWK$VVRFLDWLRQ´

(113) 2 *<76 IRL GHVHQYROYLGR GHIRUPD D DYDOLDU R FRQVXPR GH WDEDFR DVVLP FRPR DWLWXGHV FRQGXWD H H[SRVLomR D DQ~QFLRV SXEOLFLWiULRV H DR IXPR GR WDEDFR DPELHQWDOHPDGROHVFHQWHVFRPLGDGHVFRPSUHHQGLGDVHQWUHRVHRVDQRV

(114). 2VREMHFWLYRVHUDPFRQVHJXLGRVXVDQGRXPDPHWRGRORJLDHVWDQGDUGL]DGD. SDUD D FRQVWUXomR GH XPD HVWUXWXUD VLPSOHV VHOHFFLRQDQGR HVFRODV H WXUPDV FRQVWUXLQGR XP TXHVWLRQiULR XQLIRUPH H VHJXLQGR XPD VpULH GH SURFHGLPHQWRV SUpGHILQLGRVHPFDPSR

(115) . -~OLD$OLQD*RQoDOYHV)HUQDQGHV.

(116) $YDOLDomRGRVKiELWRVWDEiJLFRVGDLQVDWLVIDomRGDLPDJHPFRUSRUDOHGDDXWR HVWLPDHPDGROHVFHQWHVGRHDQRVHVFRODUHV. . 8VDQGRVHPSUHDPHVPDPHWRGRORJLDHXPTXHVWLRQiULRGHEDVHHVWHSURJUDPD GH YLJLOkQFLD H VHQVLELOL]DomR SUHYr WDPEpP DX[LOLDU QD LPSOHPHQWDomR GH SURJUDPDVGHSUHYHQomRDQWLWDEiJLFRV

(117) 2%-(&7,926 2 SUHVHQWH HVWXGR WHYH FRPR SULQFLSDO REMHFWLYR D DYDOLDomR GRV KiELWRV WDEiJLFRVGDLQVDWLVIDomRGDLPDJHPFRUSRUDOHGDDXWRHVWLPDHPDGROHVFHQWHV GR HQVLQR VHFXQGiULR GH WUrV DJUXSDPHQWRV HVFRODUHV &ROpJLR /XVR)UDQFrV ± 3RUWR ($

(118) (VFROD 6HFXQGiULD $EHO 6DOD]DU ± 6mR 0DPHGH GH ,QIHVWD (%

(119) H (VFROD6(PtGLR*DUFLD±%UDJDQoD (&

(120) 2VGDGRVIRUDPDQDOLVDGRVVHJXQGR D WRWDOLGDGH GD DPRVWUD UHODWLYDPHQWH DR VH[R DQR OHFWLYR H DJUXSDPHQWR HVFRODU ,GHQWLILFDU GH TXH IRUPD D VDWLVIDomR LQVDWLVIDomR GD LPDJHP FRUSRUDO SRGHUmR HVWDUUHODFLRQDGRVFRPRFRPSRUWDPHQWRGHIXPDU (VWXGDU GH TXH IRUPD RV QtYHLV GH DXWRHVWLPD GR DGROHVFHQWH SRGHP VHU IDFWRUHVGHWHUPLQDQWHVSDUDDLQLFLDomRGHWDOFRPSRUWDPHQWR $YDOLDU TXDLV RV IDFWRUHV IDPLOLDUHV H VRFLDLV PDLV LPSRUWDQWHV QD DTXLVLomR GRV KiELWRVWDEiJLFRVGRDGROHVFHQWH 0$7(5,$/(0e72'26 6HOHFomRGDDPRVWUD $SRSXODomRpFRQVWLWXtGDSRUXPWRWDOGHDGROHVFHQWHVVDXGiYHLVGHDPERV RVVH[RVFRPLGDGHVFRPSUHHQGLGDVHQWUHRVHRVDQRVSURYHQLHQWHVGH DJUXSDPHQWRV HVFRODUHV GR HQVLQR VHFXQGiULR GXDV GHODVGR 'LVWULWR GD FLGDGH 3RUWRXPDSULYDGD±($HXPDS~EOLFD±(%HDGHHQVLQRS~EOLFRGDFLGDGH. -~OLD$OLQD*RQoDOYHV)HUQDQGHV. . .

(121) . . $YDOLDomRGRVKiELWRVWDEiJLFRVGDLQVDWLVIDomRGDLPDJHPFRUSRUDOHGDDXWR HVWLPDHPDGROHVFHQWHVGRHDQRVHVFRODUHV. GH %UDJDQoD ± (&

(122) SHUWHQFHQWHV D ]RQDV JHRJUiILFDV OLWRUDO QRUWH H LQWHULRU QRUWHGH3RUWXJDO $VWUrVHVFRODVIRUDPVHOHFFLRQDGDVSRUFRQYHQLrQFLD. 7HQGR SRU EDVH D WRWDOLGDGH GRV DOXQRV TXH IUHTXHQWDP R HQVLQR VHFXQGiULR GHVWDV HVFRODV D DPRVWUD IRL DOHDWRULDPHQWH VHOHFFLRQDGD PHGLDQWH XPD OLVWDJHP GH DOXQRV GH FDGD WXUPD FRUUHVSRQGHQWH DR H DQRV HVFRODUHVUHVSHFWLYDPHQWH )RUDP FRQYRFDGRV DOXQRV GR WRWDO GH DOXQRV HVWXGDQWHV GR HQVLQR VHFXQGiULRGHFDGDDJUXSDPHQWRHVFRODU3UHYLDPHQWHIRLHQYLDGDXPDFDUWDDRV DGROHVFHQWHVVHOHFFLRQDGRVHDRVVHXVHQFDUUHJDGRVGHHGXFDomRVHQGRHQWmR LQIRUPDGRVHHVFODUHFLGRVDFHUFDGRVREMHFWLYRVGRHVWXGRDUHDOL]DUHUHVSHFWLYD GHFODUDomR GH FRQVHQWLPHQWR LQIRUPDGR $SHVDU GH VH WUDWDU GH XP HVWXGR REVHUYDFLRQDO IRUDP FRQVLGHUDGRV RV SULQFtSLRV TXH FRQVWDP GD ~OWLPD UHYLVmR GD³'HFODUDomRGH+HOVtQTXLD´GD$VVRFLDomR0pGLFD0XQGLDO 2 SURWRFROR GR HVWXGR IRL WDPEpP DSURYDGR SHOR &RQFHOKR 'LUHFWLYR GDV UHVSHFWLYDVLQVWLWXLo}HVHVFRODUHV 2SWRXVH SRU VHU UHDOL]DGR HP HVFRODV SRU VHU XP ORFDO GH FRQYHUJrQFLD GD SRSXODomR GD IDL[D HWiULD HP TXHVWmR RQGH VH DSUHVHQWD FRP UHJXODULGDGH DGHTXDGDSDUDXPDUHFROKDVDWLVIDWyULDGHGDGRVSHODIDFLOLGDGHGHDGHVmRSRU PHLR GR DSRLR GH SURIHVVRUHV H GLUHFWRUHV H SHOR FDUiFWHU HGXFDWLYR GD HVFROD TXHIDFLOLWDSRVWHULRUHVRULHQWDo}HV 7RGDV DV DYDOLDo}HV IRUDP HIHFWXDGDV GH DFRUGR FRP D PHWRGRORJLD H WpFQLFDV LQWHUQDFLRQDOPHQWH UHFRPHQGDGDV 2V DGROHVFHQWHV IRUDP HQWUHYLVWDGRV LQGLYLGXDOPHQWHHVHPSUHSHORPHVPRHOHPHQWRGRJUXSRGHHVWXGR . -~OLD$OLQD*RQoDOYHV)HUQDQGHV.

(123) $YDOLDomRGRVKiELWRVWDEiJLFRVGDLQVDWLVIDomRGDLPDJHPFRUSRUDOHGDDXWR HVWLPDHPDGROHVFHQWHVGRHDQRVHVFRODUHV. . 3URWRFRORGHDYDOLDomR 3URFHGHXVHjDSOLFDomRGHXPSURWRFRORGHDXWRDYDOLDomRGDLPDJHPFRUSRUDO GD DXWRHVWLPD H GRV KiELWRV WDEiJLFRV GRV DGROHVFHQWHV HVWH SURWRFROR LQFOXLX DLQGD D DYDOLDomR GR HVWDGR GH QXWULomR GR DGROHVFHQWH H DYDOLDomR GR JUDX GH HVFRODULGDGHHKiELWRVWDEiJLFRVGRVSURJHQLWRUHV 'HSRLVGHPDUFDUDQWHFLSDGDPHQWHHFRQYHQLHQWHPHQWHFRPDGLUHFomRGHFDGD HVFROD IRUDP UHXQLGRV FHUFD GH DOXQRV QXP JDELQHWH GLVSRQLELOL]DGR IRUD GD VDOD GH DXOD RQGH VH SURFHGHULD j DSOLFDomR GR TXHVWLRQiULR D SUHHQFKHU SHOR SUySULRHjUHVSHFWLYDDYDOLDomRDQWURSRPpWULFD . $YDOLDomRDQWURSRPpWULFD. $DYDOLDomRDQWURSRPpWULFDIRLVHPSUHUHDOL]DGDSHORPHVPRHOHPHQWRGRJUXSR GHHVWXGRQRPRPHQWRGDHQWUHYLVWD 'HWHUPLQRXVH D HVWDWXUD DWUDYpV GR HVWDGLyPHWUR GH PDGHLUD SRUWiWLO SUHFLVmR GHPP

(124) HRSHVRDWUDYpVGHXPDEDODQoD6(&$ SUHFLVmRGHNJ

(125) 3DUDD PHGLomR GD HVWDWXUD RV DOXQRV FRORFDYDPVH GH FRVWDV SDUD R HVWDGLyPHWUR HQFRVWDGRjSDUHGHFRPRVSpVGHVFDOoRVHXQLGRVHPSRVLomRHUHFWDROKDQGR HPIUHQWH2 SHVRIRLGHWHUPLQDGRHP Sp FRPRDGROHVFHQWHGHVFDOoR H FRPR PtQLPRGHYHVWXiULRSRVVtYHO 3RVWHULRUPHQWH HIHFWXRXVH R FiOFXOR GR ËQGLFH GH 0DVVD &RUSRUDO ,0&

(126) GH 4XHWHOHW >,0& SHVR NJ

(127) DOWXUD P

(128) @ SDUD FDUDFWHUL]DU R HVWDGR QXWULFLRQDO GR DGROHVFHQWH )RUDPFDOFXODGRVRV=VFRUHVGRSHVRDOWXUDH,0&XWLOL]DQGRFRPRUHIHUrQFLDDV WDEHODVGR&HQWHUV'LVHDVH&RQWURODQG3UHYHQWLRQ &'&

(129) GHDFRUGRFRPDLGDGH HVH[R


(131) . . $YDOLDomRGRVKiELWRVWDEiJLFRVGDLQVDWLVIDomRGDLPDJHPFRUSRUDOHGDDXWR HVWLPDHPDGROHVFHQWHVGRHDQRVHVFRODUHV. 2,0&IRLFODVVLILFDGRVHJXQGRRTXDGUR . 4XDGUR±&ODVVLILFDomRGRJUDXGR,0& 206

(132) . &ODVVLILFDomR %DL[RSHVR 3HVRQRUPDO ([FHVVRGHSHVR 2EHVLGDGHJUDX 2EHVLGDGHJUDX 2EHVLGDGHJUDX. . ,0& D D D D . . $YDOLDomRGD,PDJHP&RUSRUDO. $ DXWRDYDOLDomR GD LPDJHP FRUSRUDO GRV DGROHVFHQWHV IRL REWLGD GH IRUPD LQGLYLGXDODSyVDREVHUYDomRGD(VFDODGH6LOKXHWDVGH&ROOLQVFRQVWLWXtGDSRU ILJXUDV GH DGROHVFHQWHVDGXOWRV GH DPERV RV VH[RV FRPSUHHQGLGRV HQWUH D PDJUH]D ) ) H )

(133) H D REHVLGDGH ) H )

(134)

(135) R DGROHVFHQWH WHULD TXH UHVSRQGHU jV SHUJXQWDV ³4XDO D ILJXUD TXH FRQVLGHUDV TXH WHQV"´ H ³4XDO D ILJXUDTXHJRVWDULDVGHWHU"´ 3URFHGHXVHGHSRLVjFRUUHVSRQGrQFLDGDLPDJHPFRUSRUDOUHODWLYDPHQWHDR,0& DFWXDO 4XDGUR

(136) 4XDGUR±,QWHUYDORVGH,0& DGROHVFHQWHV

(137) HPIXQomRGDLPDJHPFRUSRUDO 'LDQD6LOYD

(138) ,PDJHP ,QWHUYDOR$GROHVFHQWHV ) NJP ) ) ) NJP±NJP ) NJP±NJP NJP±NJP ) NJP±NJP ) NJP. -~OLD$OLQD*RQoDOYHV)HUQDQGHV.

(139) $YDOLDomRGRVKiELWRVWDEiJLFRVGDLQVDWLVIDomRGDLPDJHPFRUSRUDOHGDDXWR HVWLPDHPDGROHVFHQWHVGRHDQRVHVFRODUHV . . $YDOLDomRGDLQVDWLVIDomRFRUSRUDO. $ LQVDWLVIDomR FRUSRUDO IRL GHWHUPLQDGD SHOD GLIHUHQoD HQWUH ,PDJHP &RUSRUDO TXH FRQVLGHUD TXH WHP H D ,PDJHP &RUSRUDO TXH JRVWDULD GH WHU PpGLD H GHVYLRSDGUmR . $YDOLDomRGDDXWRHVWLPD. $DYDOLDomRGDDXWRHVWLPDIRLIHLWDDWUDYpVGHXPTXHVWLRQiULRFRQVWLWXtGRSRU LWHQV DGDSWDGR SRU %DFKPDQ H 2¶0DOOH\

(140)

(141) GD HVFDOD GH DXWRHVWLPD GH 5RVHQEHUJ

(142)

(143) $V UHVSRVWDV IRUDP DVVLQDODGDV QXPD HVFDOD GH D FRPSUHHQGLGD HQWUH GLVFRUGRFRPSOHWDPHQWH

(144) HFRQFRUGRFRPSOHWDPHQWH

(145) $SRQWXDomRYDULDHQWUHHFRUUHVSRQGHQGRRVFRUHGHDRPDLRUYDORUGH DXWRHVWLPD $DXWRHVWLPDIRLFODVVLILFDGDVHJXQGRXPDHVFDODGHQtYHLVFRPRVVHJXLQWHV VFRUHV %DL[D DXWRHVWLPD VFRUH

(146) 0pGLD DXWRHVWLPD VFRUH H

(147) $OWDDXWRHVWLPD VFRUH

(148) $VUHVSRVWDVIRUDPGDGDVGLUHFWDPHQWHSHORSUySULRDGROHVFHQWH . +iELWRVWDEiJLFRVGRDGROHVFHQWH. 2V KiELWRV WDEiJLFRV GRV DGROHVFHQWHV IRUDP DYDOLDGRV VHJXQGR XP SURWRFROR DGDSWDGRGR*<76 &'&

(149)

(150) (VWHTXHVWLRQiULRWHPFRPRPHWRGRORJLDVGHEDVHRDQRQLPDWRHRIDFWRGHWRGR R WLSR GH HVFRODV SRGHU SDUWLFLSDU S~EOLFDV RX SULYDGDV

(151) TXDOTXHU DOXQR SRGH LJXDOPHQWH FRODERUDU VHQGR QHFHVViULRV FHUFD GH PLQXWRV SDUD VHU. -~OLD$OLQD*RQoDOYHV)HUQDQGHV. . .

(152) . . $YDOLDomRGRVKiELWRVWDEiJLFRVGDLQVDWLVIDomRGDLPDJHPFRUSRUDOHGDDXWR HVWLPDHPDGROHVFHQWHVGRHDQRVHVFRODUHV. SUHHQFKLGRSHUPLWHXPDHVWUDWLILFDomRUHJLRQDOHQWUHFDGDSDtVSRGHQGRLQFOXLU VHQRYRVLWHQVVHSHUWLQHQWHV. 2 TXHVWLRQiULR EDVH p FRQVWLWXtGR SRU SHUJXQWDV RUJDQL]DGRV HP JUXSRV SUHYDOrQFLD GR FRQVXPR GH WDEDFR FRQKHFLPHQWRV H DWLWXGHV DFHUFD GR WDEDJLVPR SDSHO GRV PHGLD QD DGYHUWrQFLD GR WDEDJLVPR DFHVVR D WDEDFR UHJXODPHQWRHVFRODUHPUHODomRjSUHYHQomRGRWDEDJLVPRH[SRVLomRSDVVLYDDR IXPRGRWDEDFRFHVVDomRWDEiJLFD 2 TXHVWLRQiULR SRU QyV HODERUDGR H DGDSWDGR IRL DSOLFDGR SHOD SULPHLUD YH] HP 3RUWXJDO $SHQDV IRL LQFOXtGR XP WRWDO GH SHUJXQWDV UHODFLRQDGDV FRP SUHYDOrQFLD GR FRQVXPR GH WDEDFR FRQKHFLPHQWRV H DWLWXGHV DFHUFD GR WDEDJLVPR FHVVDomR WDEiJLFD UHJXODPHQWR HVFRODU H SDSHO GD IDPtOLD QD SUHYHQomRGRWDEDJLVPR

(153) 2V SDUWLFLSDQWHV IRUDP FODVVLILFDGRV HP TXDWUR FDWHJRULDV QXQFD WHU H[SHULPHQWDGR IXPDU DSHQDV WHU H[SHULPHQWDGR IXPDU QmR IXPDUDP QR PrV SDVVDGR

(154) IXPDGRUHV RFDVLRQDLV IXPDUDP SHOR PHQRV GLD GXUDQWH R PrV SDVVDGR

(155) H IXPDGRUHV KDELWXDLV IXPDUDP QR PtQLPR GLDV GXUDQWH R PrV SDVVDGR

(156) $VTXHVW}HVUHODWLYDVDRVKiELWRVWDEiJLFRVIRUDPVyGLULJLGDVDRVDGROHVFHQWHV TXH Mi WLQKDP SHOR PHQRV H[SHULPHQWDGR IXPDU DV UHVWDQWHV FRQKHFLPHQWRV H DWLWXGHV DFHUFD GR WDEDFR FHVVDomR WDEiJLFD UHJXODPHQWR HVFRODU H SDSHO GD IDPtOLDQDSUHYHQomRGRWDEDJLVPR

(157) IRUDPGLUHFFLRQDGDVjWRWDOLGDGHGDDPRVWUD . -~OLD$OLQD*RQoDOYHV)HUQDQGHV.

(158) $YDOLDomRGRVKiELWRVWDEiJLFRVGDLQVDWLVIDomRGDLPDJHPFRUSRUDOHGDDXWR HVWLPDHPDGROHVFHQWHVGRHDQRVHVFRODUHV . . $YDOLDomRGRJUDXGHHVFRODULGDGHHFRQVXPRGHWDEDFRGRVSURJHQLWRUHV. 'HSRLV GH LGHQWLILFDGR H SDUD WUDWDPHQWR HVWDWtVWLFR R JUDX GH HVFRODULGDGH GRV SDLVIRLDJUXSDGRHPFLFORHFLFORQtYHOVHFXQGiULRHQtYHOVXSHULRU 2 FRQVXPR GH WDEDFR GRV SDLV IRL DYDOLDGR DWUDYpV GH TXHVW}HV GH UHVSRVWD VLPSOHV ³2 WHX SDLPmH IXPD"´ H ³2QGH"´

(159) UHVSHFWLYDPHQWH $ UHVSRVWD IRL DVVLQDODGDSHORSUySULRDGROHVFHQWH 7UDWDPHQWR(VWDWtVWLFR 3DUDGHVFUHYHURVSDUWLFLSDQWHVGRHVWXGRIRUDPXWLOL]DGDVHVWDWtVWLFDVGHVFULWLYDV DSURSULDGDV $V YDULiYHLV FDWHJyULFDV IRUDP GHVFULWDV DWUDYpV GH IUHTXrQFLDV DEVROXWDV H UHODWLYDV

(160) $V YDULiYHLV FRQWtQXDV IRUDP GHVFULWDV DWUDYpV GH PpGLDV H GHVYLR SDGUmR RX PHGLDQDV H SHUFHQWLV FRQVRDQWH D VLPHWULD GDV YDULiYHLV 1RVHVWXGRVFRPSDUDWLYRVHSDUDDVYDULiYHLVFRQWtQXDVIRUDPXVDGRVWHVWHVGH 0DQQ:KLWQH\H.UXVNDOO:DOOLVFRQVRDQWHRVJUXSRVDFRPSDUDU3DUDYDULiYHLV FDWHJyULFDV IRUDP XWLOL]DGRV R WHVWH GH ([DFWR GH )LVKHU H R WHVWH GH 4XL 4XDGUDGRSDUDDLQGHSHQGrQFLDGH3HDUVRQSDUDFRPSDUDUJUXSRV (PWRGDVDVDQiOLVHVFRQVLGHUDVHFRPVLJQLILFDGRHVWDWtVWLFRXPYDORUGHS )RL XVDGR R VRIWZDUH GH DQiOLVH HVWDWtVWLFD 6WDVWLVWLFDO 3DFNDJH IRU WKH 6RFLDO 6FLHQFHVY 6366


(162) . . $YDOLDomRGRVKiELWRVWDEiJLFRVGDLQVDWLVIDomRGDLPDJHPFRUSRUDOHGDDXWR HVWLPDHPDGROHVFHQWHVGRHDQRVHVFRODUHV. 5(68/7$'26. &$5$&7(5,=$d2'$$02675$ 3RSXODomR 'RV DOXQRV FRQYRFDGRV UHVSRQGHUDP j FRQYRFDWyULD DOXQRV GD ($

(163) GD (%

(164) H GD (&

(165) WRWDOL]DQGR DOXQRV SDUWLFLSDQWHV

(166) GDDPRVWUDVHOHFFLRQDGD $ PpGLD GH LGDGHV GD SRSXODomR WRWDO IRL GH DQR DQR DQR

(167) $LGDGHPtQLPDIRLGHDQRVH DPi[LPDGH 2EVHUYDVHXPDGLVWULEXLomRHTXLWDWLYDSDUDDPERVRVVH[RV PDVFXOLQR H IHPLQLQR

(168) $GLVWULEXLomRSRUVH[RSRGHVHUREVHUYDGDQRTXDGUR 4XDGUR ± $GROHVFHQWH ($ (% (&

(169) 'LVWULEXLomR SRU VH[R VHJXQGRRDQROHFWLYR . 5DSD]. 5DSDULJD. 7RWDO. Q.

(170) . Q.

(171) . 1.

(172) . . .

(173) . .

(174) . .

(175) . . .

(176) . .

(177) . .

(178) . . .

(179) . .

(180) . .

(181) . &DUDFWHUL]DomRGR(VWDGRGH1XWULomRGRDGROHVFHQWH $FDUDFWHUL]DomRGRHVWDGRGHQXWULomRGRDGROHVFHQWHGRVWUrVJUXSRVHVWXGDGRV ($(%H(&

(182) HQFRQWUDVHUHSUHVHQWDGDQDILJXUD. -~OLD$OLQD*RQoDOYHV)HUQDQGHV.

(183) $YDOLDomRGRVKiELWRVWDEiJLFRVGDLQVDWLVIDomRGDLPDJHPFRUSRUDOHGDDXWR HVWLPDHPDGROHVFHQWHVGRHDQRVHVFRODUHV . . . . =VFRUH. . . ($. . (% (&. . . . . 3HVR S

(184). (VWDWXUD S

(185). . . ,0& S

(186). (VFROD. . )LJXUD ±$GROHVFHQWH ($ (% (&

(187) &DUDFWHUL]DomR GRHVWDGRGH QXWULomRSRUHVFROD ,QVDWLVIDomRGD,PDJHP&RUSRUDO±$GROHVFHQWH 'D WRWDOLGDGH GD DPRVWUD Q

(188) HVWmR VDWLVIHLWRV FRP D VXD LPDJHP FRUSRUDO HPERUD Q

(189) JRVWDULDP GH VHU PDLV JRUGRV H Q

(190) SUHIHULVVHPXPDLPDJHPFRUSRUDOFRUUHVSRQGHQWHjPDJUH]D 4XDGUR

(191) 4XDGUR ± $GROHVFHQWH ($ (% (&

(192) ,QVDWLVIDomR GD ,PDJHP &RUSRUDOSRUHVFROD ($ (% (& 7RWDO. 'HVHMRGHVHU PDLVJRUGR Q

(193)

(194)

(195)

(196)

(197) . 6DWLVIHLWR Q .

(198)

(199)

(200)

(201)

(202) . 'HVHMRGHVHU PDLVPDJUR Q

(203)

(204)

(205)

(206)

(207) . S WHVWHTXLTXDGUDGRGH3HDUVRQ

(208) . $XWRHVWLPD±$GROHVFHQWH. -~OLD$OLQD*RQoDOYHV)HUQDQGHV. . .

(209) . $YDOLDomRGRVKiELWRVWDEiJLFRVGDLQVDWLVIDomRGDLPDJHPFRUSRUDOHGDDXWR HVWLPDHPDGROHVFHQWHVGRHDQRVHVFRODUHV. . 2EVHUYDVH TXH RV YDORUHV GH DXWRHVWLPD GR DGROHVFHQWH QDV HVFRODV VH VLWXDP SUHGRPLQDQWHPHQWH QR VFRUH GH DXWRHVWLPD PpGLD VFRUH H

(210) ($ (% (&

(211) 4XDGUR

(212) 4XDGUR±$GROHVFHQWH ($ (% (&

(213) $YDOLDomRGD$XWRHVWLPDSRU HVFROD ($ (% (& 7RWDO. 0pGLDDXWRHVWLPD VFRUHH

(214) Q

(215)

(216)

(217)

(218)

(219) . $OWDDXWRHVWLPD VFRUH

(220) Q

(221)

(222)

(223)

(224)


(226) . (VFRODULGDGHHFRQVXPRGHWDEDFRGRVSURJHQLWRUHV $HVFRODULGDGHGRSDLHGDPmHIRLVLJQLILFDWLYDPHQWHGLIHUHQWHHQWUHDVHVFRODV S

(227) VHQGR TXH DPERV RV SURJHQLWRUHV DSUHVHQWDP PDLRU JUDX GH HVFRODULGDGHQD($VHJXLGRQD(%HSRU~OWLPRQD(& 2VUHVXOWDGRVHVWmRUHSUHVHQWDGRVQRVTXDGURVHUHVSHFWLYDPHQWH 4XDGUR±0mHV ($ (% (&

(228) (VFRODULGDGHGDPmHGRDGROHVFHQWH SRUHVFROD ($ (% (&. (VFRODULGDGHGDPmH FLFOR Q

(229)

(230)

(231)

(232) . HFLFOR Q

(233)

(234)

(235)

(236) . VHFXQGiULR Q

(237)

(238)

(239)

(240) . VXSHULRU Q

(241)

(242)

(243)


(245) . -~OLD$OLQD*RQoDOYHV)HUQDQGHV.

(246) $YDOLDomRGRVKiELWRVWDEiJLFRVGDLQVDWLVIDomRGDLPDJHPFRUSRUDOHGDDXWR HVWLPDHPDGROHVFHQWHVGRHDQRVHVFRODUHV . 4XDGUR ± 3DLV ($ (% (&

(247) (VFRODULGDGH GR SDL GR DGROHVFHQWH SRUHVFROD . (VFRODULGDGHGRSDL. FLFOR Q

(248) ($

(249) (%

(250) (&

(251) . HFLFOR Q

(252)

(253)

(254)

(255) . VHFXQGiULR VXSHULRU Q

(256) Q

(257)

(258)

(259)

(260)

(261)

(262)


(264) . 5HODWLYDPHQWH DR FRQVXPR GH WDEDFR GRV SURJHQLWRUHV QmR KRXYH GLIHUHQoD VLJQLILFDWLYDHQWUHDVHVFRODVPDVHPWRGDVDSHUFHQWDJHPGHSDLVIXPDGRUHVIRL VXSHULRUjGHPmHVIXPDGRUDV 4XDGUR

(265) 4XDGUR ± 3URJHQLWRUHV PmHV ($ (% (& SDLV ($ (% (&

(266) (VFRODULGDGHGRSDLGRDGROHVFHQWHSRUHVFROD ($ (% (& 7RWDO. 0mHIXPDGRUD VLP Q .

(267)

(268)

(269)

(270)

(271) . 3DLIXPDGRU . QmR Q . VLP.

(272)

(273)

(274)

(275)

(276) . Q .

(277)

(278)

(279)

(280)

(281) . QmR Q .

(282)

(283)

(284)

(285)


(287) S WHVWHTXLTXDGUDGRGH3HDUVRQ

(288) . +È%,7267$%È*,&26±$'2/(6&(17( 3UHYDOrQFLDGRFRQVXPRGHWDEDFRQDSRSXODomRWRWDO Q

(289) 'D SUHVHQWH DPRVWUD SHOR PHQRV Q

(290) GRV DGROHVFHQWHV Mi WLQKDP H[SHULPHQWDGR IXPDU 2EVHUYDQGRVH XPD SHUFHQWDJHP PDLV HOHYDGD QD (& Q

(291) 4XDGUR

(292) -~OLD$OLQD*RQoDOYHV)HUQDQGHV. . .

(293) . . $YDOLDomRGRVKiELWRVWDEiJLFRVGDLQVDWLVIDomRGDLPDJHPFRUSRUDOHGDDXWR HVWLPDHPDGROHVFHQWHVGRHDQRVHVFRODUHV. 4XDGUR±$GROHVFHQWH Q

(294) ,QLFLDomRGRFRQVXPRGHWDEDFRSRUHVFROD . ($ Q

(295) (% Q

(296) (& Q

(297) 7RWDO. . Q . -iH[SHULPHQWRXIXPDU VLP QmR

(298) Q

(299)

(300)

(301)

(302)

(303)

(304)

(305)

(306)


(308) . 9HULILFDVH UHODWLYDPHQWH DR VH[R TXH Q

(309) GRV DGROHVFHQWHV TXH Mi WLQKDPH[SHULPHQWDGRIXPDUHUDPUDSDULJDV 4XDGUR

(310) 4XDGUR±$GROHVFHQWH IHPLQLQR PDVFXOLQR

(311) ,QLFLDomRDRFRQVXPR GHWDEDFRSRUVH[R UDSDULJD UDSD] 7RWDO. -iH[SHULPHQWRXIXPDU VLP QmR 7RWDO Q

(312) Q

(313) Q

(314)

(315)

(316)

(317)

(318)

(319)

(320)

(321)

(322)


(324) . &RQVXPR GH WDEDFR QD VXEDPRVWUD GRV DGROHVFHQWHV TXH Mi H[SHULPHQWDUDPIXPDU Q

(325) 3UHYDOrQFLDGRFRQVXPRGHWDEDFR 'D WRWDOLGDGH GD VXEDPRVWUD FRUUHVSRQGHQWH DRV DGROHVFHQWHV TXH Mi WLQKDP H[SHULPHQWDGR IXPDU H VHJXQGR RV FULWpULRV GHILQLGRV DQWHULRUPHQWH QD PHWRGRORJLD Q

(326) IRUDP FRQVLGHUDGRV IXPDGRUHV KDELWXDLV Q

(327) FRUUHVSRQGHPDIXPDGRUHVRFDVLRQDLVH Q

(328) VyH[SHULPHQWDUDP. -~OLD$OLQD*RQoDOYHV)HUQDQGHV.

(329) $YDOLDomRGRVKiELWRVWDEiJLFRVGDLQVDWLVIDomRGDLPDJHPFRUSRUDOHGDDXWR HVWLPDHPDGROHVFHQWHVGRHDQRVHVFRODUHV . IXPDU RXSHORPHQRVQmRIXPDUDPQR~OWLPRPrVDWpDRPRPHQWRGDHQWUHYLVWD

(330) $GLVWULEXLomRSRUHVFRODHVWiUHSUHVHQWDGDQR4XDGUR 4XDGUR ± $GROHVFHQWH Q

(331) 'LVWULEXLomR HQWUH IXPDGRUHV KDELWXDLV RFDVLRQDLVHDGROHVFHQWHVTXHQmRIXPDUDPQR~OWLPRPrVSRUHVFROD ($ Q

(332) Q

(333) . (% Q

(334) Q

(335) . (& Q

(336) Q

(337) . 7RWDO Q

(338) . KDELWXDOPHQWH. .

(339) . .

(340) . .

(341) . .

(342) . RFDVLRQDO. .

(343) . .

(344) . .

(345) . .

(346) . QmRIXPDUDP QR~OWLPR PrV. .

(347) . .

(348) . .

(349) . .

(350) . . S WHVWHTXLTXDGUDGRGH3HDUVRQ

(351) . . 9HULILFDVH TXH D LGDGH PpGLD SDUD D LQLFLDomR GR FRQVXPR GH WDEDFR HVWi FRPSUHHQGLGDHQWUHRVHRVDQRVGHLGDGH

(352) &RQWXGRREVHUYDVHTXH Q

(353) MiWLQKDH[SHULPHQWDGRIXPDUDWpDRVDQRVGHLGDGH (VWmR UHSUHVHQWDGRV QR TXDGUR RV LQWHUYDORV GH LGDGHV UHODWLYRV j LQLFLDomR FRQVXPR GH WDEDFR GRV DGROHVFHQWHV GH DFRUGR FRP RV DJUXSDPHQWRV HVFRODUHV . 4XDGUR±$GROHVFHQWH Q

(354) ,GDGHHPTXHH[SHULPHQWRXIXPDUSRUHVFROD RXPHQRV RX RX RX RX RXPDLV 7RWDO. ($ Q

(355) Q

(356)

(357)

(358)

(359)

(360)

(361)

(362)

(363) . -~OLD$OLQD*RQoDOYHV)HUQDQGHV. (% Q

(364) Q

(365)

(366)

(367)

(368)

(369)

(370)

(371)

(372) . . (& Q

(373) Q

(374)

(375)

(376)

(377)

(378)

(379)

(380)

(381) . 7RWDO Q

(382)

(383)

(384)

(385)

(386)

(387)

(388)

(389) . .

(390) . . $YDOLDomRGRVKiELWRVWDEiJLFRVGDLQVDWLVIDomRGDLPDJHPFRUSRUDOHGDDXWR HVWLPDHPDGROHVFHQWHVGRHDQRVHVFRODUHV. 1mR IRUDP HQFRQWUDGDV GLIHUHQoDV VLJQLILFDWLYDV UHODWLYDPHQWH DR VH[R 4XDGR

(391) 4XDGUR±$GROHVFHQWH Q

(392) ,GDGHHPTXHH[SHULPHQWRXIXPDUSRUVH[R RXPHQRV RX RX RX RX RXPDLV 7RWDO. 5DSDULJD Q

(393)

(394)

(395)

(396)

(397)

(398)

(399)

(400) . 5DSD] Q

(401)

(402)

(403)

(404)

(405)

(406)

(407)

(408) . 7RWDO Q

(409)

(410)

(411)

(412)

(413)

(414)

(415)

(416) . &RPRRQGHTXDQGRHFRPTXHPRVDGROHVFHQWHVIXPDP 'HUHDOoDUTXH Q

(417) SHGHFLJDUURVSDUDFRQVXPRSUySULR 4XDGUR


(419) &RPRREWrPREWLQKDPRVFLJDUURV . 1mR IXPRX. Q

(420) .

(421) . &RPSURX &RPSURX QXPD QXPD ORMD PiTXLQD.

(422) .

(423) . $OJXpP 'HX 3HGLX PDLV GLQKHLUR HPSUHVWDGRV YHOKR SDUD OKHGDYD FRPSUDUHP.

(424) .

(425) .

(426) . RXWURV.

(427) . 1RV TXDGURV H HVWmR UHSUHVHQWDGRV RV ORFDLV DV RFDVL}HV H DV FRPSDQKLDVGRVDGROHVFHQWHVTXHKDELWXDOPHQWHIXPDP 'H UHIHULU TXH QD ($D PDLRU SHUFHQWDJHPGH DOXQRV DGPLWLXIXPDU HP HYHQWRV VRFLDLV Q

(428) QD(% Q

(429) QDHVFRODHQD(& Q

(430) HP HVSDoRVS~EOLFRV -~OLD$OLQD*RQoDOYHV)HUQDQGHV.

(431) $YDOLDomRGRVKiELWRVWDEiJLFRVGDLQVDWLVIDomRGDLPDJHPFRUSRUDOHGDDXWR HVWLPDHPDGROHVFHQWHVGRHDQRVHVFRODUHV . 4XDGUR±$GROHVFHQWH Q

(432) 2QGHFRVWXPDPFRVWXPDYDPIXPDU. . &DVD. (VFROD. &DVDGH DPLJRV. (YHQWRV. (VSDoRV S~EOLFRV. RXWURV. Q

(433) .

(434) .

(435) .

(436) .

(437) .

(438) .

(439) . 4XDGUR±$GROHVFHQWH Q

(440) 2FDVL}HVRQGHFRVWXPDPFRVWXPDYDPIXPDU . )HVWDV. )LQVGH VHPDQD. )pULDV. 5HIHLo}HV. RXWURV. 1

(441) .

(442) .

(443) .

(444) .

(445) .


(447) &RPTXHPFRVWXPDPFRVWXPDYDPIXPDU 1

(448) . &ROHJDV. 6R]LQKR. RXWURV.

(449) .

(450) .

(451) . $7,78'(6(&21+(&,0(1726$&(5&$'27$%$*,602 $WLWXGHVGRVDGROHVFHQWHV $V DWLWXGHV PDLV IUHTXHQWHV GRV DGROHVFHQWHV UHODWLYDV DR FRQVXPR GH WDEDFR QHVWDIDL[DHWiULDHVWmRUHSUHVHQWDGDVQRVTXDGURVH 4XDGUR ± $GROHVFHQWH Q

(452) $WLWXGH DFHUFD GR DVSHFWR ItVLFR GRV DGROHVFHQWHVIXPDGRUHV $GROHVFHQWHV IXPDGRUHV RXDWUDHQWHV. PDLV PHQRV LJXDO. ($ Q

(453) Q

(454)

(455)

(456)

(457) . -~OLD$OLQD*RQoDOYHV)HUQDQGHV. (% Q

(458) Q

(459)

(460)

(461)

(462) . . (& Q Q .

(463)

(464)

(465)

(466)

(467) . 7RWDO Q

(468)

(469)

(470)

(471) . .

(472) . . $YDOLDomRGRVKiELWRVWDEiJLFRVGDLQVDWLVIDomRGDLPDJHPFRUSRUDOHGDDXWR HVWLPDHPDGROHVFHQWHVGRHDQRVHVFRODUHV. 'HUHIHULUTXH Q

(473) GDHVFROD($DGPLWHTXHRVDGROHVFHQWHVIXPDGRUHV WrPPDLRUIDFLOLGDGHHPVHVHQWLUHPFRQIRUWiYHLVHPHYHQWRVVRFLDLVHIHVWDV 4XDGUR ± $GROHVFHQWH Q

(474) $WLWXGH DFHUFD GD VHJXUDQoD TXH RV DGROHVFHQWHVIXPDGRUHVWrPHPVHLQWHJUDUHPHPHYHQWRVVRFLDLVHIHVWDV $GROHVFHQWHV IXPDGRUHV RX FRQIRUWiYHLV HPIHVWDV. 0DLV 0HQRV ,JXDO. ($ Q

(475) . (% Q

(476) . (& Q

(477) . 7RWDO. Q.

(478) . Q.

(479) . Q.

(480) . Q.

(481) . .

(482)

(483)

(484) . .

(485)

(486)

(487) . .

(488)

(489)

(490) . .

(491)

(492)


(494) . 'RV WRWDO GH DOXQRV TXH Mi H[SHULPHQWDUDP IXPDU Q

(495) DWULEXtUDP DR DGXOWRIXPDGRUFDUDFWHUtVWLFDVSRVLWLYDV 4XDGUR


(497) 2TXHSHQVDPGHXPDGXOWRIXPDGRU . )DOWDGH DXWR FRQILDQoD. (VW~SLGR. )DOKDGR. %HP VXFHGLGR. 6RILVWLFDGR. RXWURV. Q

(498) .

(499) .

(500) .

(501) .

(502) .

(503) .

(504) . 5HODomR HQWUH WDEDJLVPR JDQKR SRQGHUDOH PRWLYDomR SDUD D FHVVDomR WDEiJLFD 2EVHUYDVHTXH Q

(505) GRVDGROHVFHQWHVHVWXGDGRVFRQVLGHUDTXHIXPDU OHYD j SHUGD GH SHVR FRQFHLWR HVWH SUHVHQWH QDV HVFRODV ($ (% (&

(506) 4XDGUR

(507) 'H UHIHULU DLQGD TXH GRV DOXQRV TXH DVVXPHPHVWHFRQFHLWR Q

(508) FRUUHVSRQGHDDGROHVFHQWHVUDSDULJDV. -~OLD$OLQD*RQoDOYHV)HUQDQGHV.

(509) $YDOLDomRGRVKiELWRVWDEiJLFRVGDLQVDWLVIDomRGDLPDJHPFRUSRUDOHGDDXWR HVWLPDHPDGROHVFHQWHVGRHDQRVHVFRODUHV . 4XDGUR±$GROHVFHQWH Q

(510) 5HODomRHQWUHSHVRFRUSRUDOHWDEDJLVPR )XPDUID] SHUGHURX JDQKDUSHVR. JDQKDU SHUGHU LQGLIHUHQWH. ($ Q

(511) Q

(512)

(513)

(514)

(515) . (% Q

(516) Q

(517)

(518)

(519)

(520) . (& Q Q .

(521)

(522)

(523)

(524)

(525) . 7RWDO Q

(526)

(527)

(528)

(529) . 1RVTXDGURVHDSUHVHQWDPVHDVSULQFLSDLVUD]}HVDSRQWDGDVSHORV DGROHVFHQWHVTXHMiH[SHULPHQWDPIXPDU Q

(530) SDUDGHL[DURXQmRGHIXPDU 4XDGUR±$GROHVFHQWH Q

(531) 5D]}HVDSRQWDGDVSDUDGHL[DUGHIXPDU 5D]}HVSDUD GHL[DUGH IXPDU. 0DQWHUVH VDXGiYHO. 3RXSDU GLQKHLUR. $IDPtOLDQmR JRVWD. 2VDPLJRV QmRJRVWDP. RXWURV. Q

(532) .

(533) .

(534) .

(535) .

(536) .


(538) 5D]}HVDSRQWDGDVSDUDQmRGHL[DUGHIXPDU 5D]}HVSDUD QmRGHL[DU GHIXPDU. 5HFHLRGH *DQKDU3HVR. 2VFROHJDV IXPDP. 'iOKHSUD]HU. 6HQWHVH VHJXUR. RXWURV. Q

(539) .

(540) .

(541) .

(542) .

(543) .

(544) . 9HULILFRXVHDLQGDTXHGRWRWDOGHDGROHVFHQWHVIXPDGRUHVRFDVLRQDLVHKDELWXDLV Q

(545) DSHQDV Q

(546) SUHWHQGHGHL[DUGHIXPDUH Q

(547) DILUPD FRQVHJXLUGHL[DUGHIXPDUTXDQGRTXLVHU 7$%$*,602YV35(9(1d2 3DSHOGDIDPtOLD 2TXDGURUHSUHVHQWDRVUHVXOWDGRVUHODWLYRVjDERUGDJHPGDIDPtOLDDFHUFDGR WDEDJLVPRGRVILOKRV. -~OLD$OLQD*RQoDOYHV)HUQDQGHV. . .

(548) . . $YDOLDomRGRVKiELWRVWDEiJLFRVGDLQVDWLVIDomRGDLPDJHPFRUSRUDOHGDDXWR HVWLPDHPDGROHVFHQWHVGRHDQRVHVFRODUHV. 4XDGUR±$GROHVFHQWH Q

(549) $ERUGDJHPIDPLOLDUDFHUFDGRVHIHLWRVQRFLYRV GRFRQVXPRGHWDEDFR $OJXpPGD IDPtOLDIDORX DFHUFDGRV HIHLWRVGR WDEDFR. 6LP 1mR. ($ Q

(550) . (% Q