Teste
&$5/26 (',621 '2 5È*2 0217(,52 ),/+2 3URIHVVRU GH 'LUHLWR &LYLO GD 8(5- 3URFXUDGRU GR (VWDGR 5-
,QWURGXomR 2 GLUHLWR GH YL]LQKDQoD p R UDPR GR GLUHLWR FLYLO TXH VH RFXSD GRV FRQIOLWRV GH LQWHUHVVHV FDXVDGRV SHODV UHFtSURFDV LQ WHUIHUrQFLDV HQWUH SURSULHGDGHV LPyYHLV SUy[LPDV 1mR Ki QHFHVVLGDGH FRPR VH VDEH GH VHUHP DV SURSULHGDGHV LPyYHLV FRQWtJXDV EDVWD VHUHP SUy[LPDV SDUD TXH SRVVD WHU OXJDU D LQWHUIHUrQFLD TXH VHUi HQWmR FRLELGD SHODV QRUPDV SURWHWRUDV GRV GLUHLWRV GH YL]LQKDQoD 3RUWDQWR WUDWD VH GH QRUPDV TXH WHQGHP D FRPSRU D VDWLVID]HU RV FRQIOL WRV HQWUH SURSULHGDGHV RSRVWDV FRP R RE MHWLYR GH WHQWDU GHILQLU UHJUDV EiVLFDV GD VLWXDomR GH YL]LQKDQoD %XVFD VH FRPR GLVVH D VDWLVIDomR GH LQWHUHVVHV GH SURSULHWiULRV RSRVWRV &DUDFWHUtVWLFDV GR GLUHLWR GH YL ]LQKDQoD 6mR FDUDFWHUtVWLFDV GRV GLUHLWRV GH YL]LQKDQoD HP SULPHLUR OXJDU UHJXODU VLWXDo}HV HQWUH SURSULHWiULRV HVWDEHOH FHQGR QHVVH VHQWLGR OLPLWDo}HV UHV WULo}HV DR XVR GD SURSULHGDGH RX VHMD WUDWD VH DTXL GH GHYHUHV FULDGRV SHOD OHL 8PD RXWUD FDUDFWHUtVWLFD GR GLUHL WR GH YL]LQKDQoD p TXH QHVVH WHPD QmR VH EXVFD FULDU YDQWDJHQV SDUD RV SURSUL HWiULRV SDUD TXDOTXHU SUpGLR DR FRQWUi ULR YLVD VH WmR VRPHQWH D HYLWDU SUHMXt ]RV 'Dt HVVDV UHVWULo}HV VHUHP GHQR PLQDGDV SHOD GRXWULQD UHVWULo}HV GHIHQ VLYDV $V UHVWULo}HV QR GLUHLWR FLYLO SR GHP GHFRUUHU WDPEpP GD DXWRQRPLD SUL YDGD &RPR H[HPSOR GH UHVWULomR QHJRFLDO QyV WHPRV DV VHUYLG}HV TXH DR FRQWUiULR GR GLUHLWR GH YL]LQKDQoD YL VDP D FRQIHULU MXVWDPHQWH PDLRUHV
7H[WR HODERUDGR D SDUWLU GD WUDQVFULomR IRQRJUiILFD GH SDOHVWUD SURIHULGD QD (0(5- HP GH RXWXEUR GH
YDQWDJHQV SDUD RV SURSULHWiULRV SDUD RV SUpGLRV GRPLQDQWHV $ VHUYLGmR SRUWDQ WR VH GLVWLQJXH GR GLUHLWR GH YL]LQKDQoD VHMD SHOD IRQWH VHMD SHOD ILQDOLGDGH 3HOD IRQWH SRUTXH DV VHUYLG}HV WrP VHPSUH IRQWH FRQYHQFLRQDO RX FRQWUDWXDO H SHOD ILQDOLGDGH SRUTXH DV VHUYLG}HV YLVDP j FULDomR GH YDQWDJHP SDUD D SURSULHGDGH GRPLQDQWH HQTXDQWR TXH D YL]LQKDQoD VXUJH