&$3Ë78/2￿￿￿5(62/8d-2￿'(￿352%/(0$6￿

0HOKRUDU￿D￿TXDOLGDGH￿GH￿LPSUHVVmR￿￿

￿

 

￿

 

￿

 

￿

 

(VWD￿VHFomR￿HVFODUHFH￿R￿VREUH￿RV￿VHJXLQWHV￿WySLFRV￿￿

￿

￿

 

￿

 

([HPSORV￿GH￿GHIHLWRV￿QDV￿

5HFRPHQGDomR￿
LPDJHQV￿

￿

ABCDEFGH abcdefghijk

A B C D a b c d e 0 1 2 3 4

(VEDWLGR

￿

ABCDEFGH abcdefghijk

A B C D

￿

9HULILTXH￿R￿DPELHQWH￿HP￿TXH￿VH￿HQFRQWUD￿D￿LPSUHVVRUD￿￿$￿

KXPLGDGH￿H￿DV￿WHPSHUDWXUDV￿HOHYDGDV￿SRGHP￿SURYRFDU￿HVWH￿WLSR￿

GH￿GHIHLWRV￿QD￿LPSUHVVmR￿￿&RQVXOWH￿³/RFDOL]DomR￿GD￿LPSUHVVRUD´￿

QR￿&DStWXOR￿￿￿￿

6H￿WRGD￿D￿SiJLQD￿HVWLYHU￿LPSUHVVD￿QXP￿WRP￿FODUR￿￿R￿PRGR￿GH￿

HFRQRPLD￿GH￿WRQHU￿SRGH￿HVWDU￿DFWLYDGR￿￿￿'HVDFWLYH￿R￿PRGR￿GH￿

HFRQRPLD￿GH￿WRQHU￿QR￿VHSDUDGRU￿3URSULHGDGHV￿GD￿LPSUHVVRUD￿

GR￿GULYHU￿￿

8WLOL]H￿XP￿QRYR￿FDUWXFKR￿GH￿WRQHU￿￿￿&RQVXOWH￿³6XEVWLWXLU￿R￿

FDUWXFKR￿GR￿WRQHU´￿QR￿&DStWXOR￿￿￿￿

$XPHQWH￿D￿GHQVLGDGH￿GD￿LPSUHVVmR￿￿XWLOL]DQGR￿R￿PRGR￿

48$/,7<￿QR￿SDLQHO￿GH￿FRQWUROR￿GD￿LPSUHVVRUD￿￿&RQVXOWH￿³0HQXV￿

GR￿SDLQHO￿GH￿FRQWUROR´￿QR￿&DStWXOR￿￿￿￿

&HUWLILTXH￿VH￿GH￿TXH￿R￿SDSHO￿FRUUHVSRQGH￿jV￿HVSHFLILFDo}HV￿

UHFRPHQGDGDV￿￿￿&RQVXOWH￿³3DSHO￿UHFRPHQGDGR´￿QR￿&DStWXOR￿￿￿￿

9HULILTXH￿R￿DPELHQWH￿HP￿TXH￿VH￿HQFRQWUD￿D￿LPSUHVVRUD￿￿D￿

KXPLGDGH￿H￿DV￿WHPSHUDWXUDV￿HOHYDGDV￿SRGHP￿DXPHQWDU￿D￿

TXDQWLGDGH￿GH￿VRPEUHDGR￿GR￿IXQGR￿￿&RQVXOWH￿³3RVLFLRQDPHQWR￿

GD￿LPSUHVVRUD´￿QR￿&DStWXOR￿￿￿￿

￿a b c d e 0 1 2 3 4 ￿

)XQGR￿FLQ]HQWR

￿

￿

,PDJHP￿IDQWDVPD￿

8WLOL]H￿XP￿QRYR￿FDUWXFKR￿GH￿WRQHU￿￿￿&RQVXOWH￿³6XEVWLWXLU￿R￿

FDUWXFKR￿GR￿WRQHU´￿QR￿&DStWXOR￿￿￿￿

&HUWLILTXH￿VH￿GH￿TXH￿R￿SDSHO￿FRUUHVSRQGH￿jV￿HVSHFLILFDo}HV￿￿2￿

SDSHO￿JURVVR￿￿R￿SDSHO￿K~PLGR￿RX￿R￿SDSHO￿PDLV￿JURVVR￿SRGHP￿

FDXVDU￿SUREOHPDV￿￿&RQVXOWH￿³4XDO￿R￿WLSR￿GH￿SDSHO￿TXH￿SRVVR￿

XWLOL]DU"´￿QR￿&DStWXOR￿￿￿￿

9HULILTXH￿VH￿HVFROKHX￿R￿WLSR￿GH￿VXSRUWH￿DGHTXDGR￿QR￿GULYHU￿GD￿

LPSUHVVRUD￿￿&RQVXOWH￿³4XDO￿R￿WLSR￿GH￿SDSHO￿TXH￿SRVVR￿XWLOL]DU"´￿

QR￿&DStWXOR￿￿￿￿￿

$￿XQLGDGH￿GR￿WDPERU￿SRGH￿HVWDU￿GDQLILFDGD￿￿￿,QVWDOH￿XPD￿QRYD￿

XQLGDGH￿GH￿WDPERU￿￿￿&RQVXOWH￿￿6XEVWLWXLU￿D￿XQLGDGH￿GR￿WDPERU￿￿

QR￿&DStWXOR￿￿￿￿

FDUWXFKR￿GH￿WRQHU￿SRGH￿HVWDU￿GDQLILFDGR￿￿&RORTXH￿XP￿QRYR￿

FDUWXFKR￿GH￿WRQHU￿￿￿&RQVXOWH￿³6XEVWLWXLU￿R￿FDUWXFKR￿GR￿WRQHU´￿QR￿

&DStWXOR￿￿￿￿

$￿XQLGDGH￿GH￿IL[DomR￿SRGH￿HVWDU￿VXMD￿￿￿&RQWDFWH￿R￿$SRLR￿DR￿

FOLHQWH￿￿

￿

￿￿￿￿￿