Appadurai Arjun Modernizacion

8/13/2019 Appadurai Arjun Modernizacion

1/45


2/45

! " # $ % ! ' ' ( ) $ " ( *

!"#$% !''!($"!)

!" $%&'()*&"&

&'+,%(&"&"(*+,-.*/-,. 01231452,. 6, 25 72/852*950*:-

;? !"@A%B)%!C*82*/3,05 (, =*,-0*5. >?=)!

A6*0*/-,.

B")


3/45


4/45


5/45

! " # $ % ! ' ' ( ) $ " ( *

)%()=A

!7456,0*+*,-3/. UUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUG'4:2/7/E I/4 b17/ !0O1754 UUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUFFFU !a1M Q 5O/45 UUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUF]

'543, )N ;21\/. 72/852,.cXGd

KU (*.2/050*:- Q 6*R,4,-0*5 ,- 25 ,0/-/+M5 01231452 72/852 UUUUUUUUUUUUUUUUUUU[FXU '5*.5\,. D3-*0/. 72/852,.N 5I1-3,. , *-3,44/75-3,.I545 1-5 5-34/I/2/7M5 345-.-50*/-52 UUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUHX[U =/-.1+/E 61450*:- , O*.3/4*5 UU UU U UUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUVF

'543, ))N =/2/-*5. +/6,4-5.cGGd

ZU #175-6/ 0/- 25 +/6,4-*656N 25 6,.0/2/-*950*:- 6,2 04*0e,3 ,- )-6*5 FLFHU A2 -f+,4/ ,- 25 *+57*-50*:- 0/2/-*52 UUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUFKZ

'543, )))N >*3150*/-,. I/.-50*/-52,.cF[Zd

]U


6/45

! " # $ % ! ' ' ( ) $ " ( *

!" $%&' ( )*+,)

!" $%&'()*&"& +,-.,/,0, 1 ,21 +,34,51 6178981 :, .,;-,?= :,091-1/+;2,,- @ :,2,1/ +1-1 2< 1+9801A898:1: 4/8>,-219B !; 34, ,2 /4,>; :, 91 7;:,-/8:1: C;10,-01 :, 91 8:,1 :, 34, 24 /;>,:1: ,2 4/ /4,>; .8+; :, /;>,:1:D 2, :,2+-,/:, :, ,21:4198:1:B E,1 9; 34, 64,-, 134,99; 34, ,9 +-;@,0.; :, 91 *942.-108F/ G1@1 0-,1:;= 041/.;7,/;2 12+8-F 1 +-;:408- +,-2;/12 34,= 0;/28H48,/.,7,/.,= G4A8,-,/ :,2,1:; >;9>,-2,7;:,-/;2B '2., .8+; :, I42.8680108F/ :, 2


7/45

! " # $ % ! ' ' ( ) $ " ( *

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

2


8/45

! " # $ % ! ' ' ( ) $ " ( *

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

:8204-2; 0;.8:81/;B &,9 7827; 7;:;= 9;2 7,:8;2 ,9,0.-F/80;2 +121/ 1 2,- -,04-2;2=:82+;/8A9,2 ,/ .;:; .8+; :, 2;08,:1:,2 @ 100,28A9,2 1 .;:; .8+; :, +,-2;/12= +1-1,L+,-87,/.1- 0;/ 91 0;/2.-4008F/ :, 91 8:,/.8:1: @ 91 871H,/ +,-2;/19B '2.; ,2 128:1 +;28A9,2 2, 8/.,-2,0.,/ ;0;8/08:1/ 0;/ ,9 ,/01/.; :, 912 ,2.-,9912 :, 08/, @ 0;/ 912 .-1712 61/.N2.8012 :, 912+,9828F/= 9;2 .,9M6;/;2= 9120;7+4.1:;-12D @ 1 91 >,9;08:1: 0;/ 34, 1>1/?1/ @ 2, 8/2.191/ ,/ 912 -4.8/12 :, 91 >8:10;.8:81/1= 9;2 7,:8;2 :, 0;74/80108F/ ,9,0.-F/80;2 +-;>,,/ -,04-2;2 @ 71.,-81 +-871+1-1 G10,- :, 91 0;/2.-4008F/ :, 91 871H,/ :,9 @;= 4/ +-;@,0.; 2;0819 0;.8:81/;B

!; 7827; 34, ;04--, 0;/ 91 7,:8108F/ ;04--, 0;/ ,9 7;>878,/.;B U;- 08,-.;= 91278H-108;/,2 ,/ 7121 C@1 2,1/ >;94/.1-812 ; 6;-?1:12D /; 2;/ 4/ 6,/F7,/; /4,>; ,/ 91G82.;-81 :, 91 G471/8:1:B U,-; 041/:; 912 @4L.1+;/,7;2 0;/ 91 >,9;08:1: :,9 694I; :,87NH,/,2= H48;/,2 @ 2,/2108;/,2 >,G80498?1:;2 +;- 9;2 7,:8;2 7128>;2 :, 0;74/80108F/=.,/,7;2 0;7; -,249.1:; 4/ /4,>; ;-:,/ :, 8/,2.1A898:1: ,/ 91 +-;:4008F/ :, 91224AI,.8>8:1:,2 7;:,-/12B S41/:; 9;2 .-1A1I1:;-,2 .4-0;2 ,/ "9,71/81 78-1/ +,9,/8,/.,2 :, \4-34878,/.;,/0;/.-N/:;2, 0;/ ,2+,0.1:;-,2 :,2.,--8.;-8198?1:;2B '2.; :1 94H1- 1 91 0-,108F/ :,,26,-12 +JA98012 ,/ :8N2+;-1= 6,/F7,/; 34, G10, ,/.-1- ,/ 0;-.;08-048.; 912 .,;-12 01-10.,-8?1/ ,9 74/:; :,G;@= /; ,/ .1/.; /4,>12 64,-?12 .,0/;9FH8012 28/; 0;7; 64,-?12 34, +1-,0,/ 8/2.8H1- C@=1 >,0,2= ;A98H1-D 19 .-1A1I; :, 91 871H8/108F/B S;7A8/1:;2= +-;:40,/ 4/ 0;/I4/.; :,8--,H491-8:1:,2 ,2+,0,/.;2 +4,2.;2 ,/ 08-049108F/ +;-

9;2 7,:8;2 :, 0;74/80108F/ 2;/= ; +4,:,/ 2,-= :, 01-N0.,- 7,-17,/., 9;019= 0;7;;04--, 0;/ 91 .,9,>828F/ +;- 01A9, ,/ 740G12 +1-.,2 :, '2.1:;2 O/8:;2B U,-; 2;/ +;012912 +,9828>;2 ; 912 .-1/27828;/,2 :, /;.80812 34,

+( ,-)."%*)() /.01-")()( 0


9/45

! " # $ % ! ' ' ( ) $ " ( *

/; 2;/ 16,0.1:;2 +;- ;.-;2 ,>,/.;2 7,:8N.80;2 +-;>,/8,/.,2 :, 164,-1 ; :, 7N2 9,I;2B b.17A8M/ 2;/ +;012 912 +,-2;/12 34, ,/ ,9 74/:; :, G;@ /; .,/H1/ 4/ 178H;= 4/

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

'/ 9;2 01+1= ,2 4/ ,2+108; :, :82+4.12 @ /,H;08108;/,2 287AF98012

7,:81/., ,9 34, 9;2 8/:8>8:4;2 @ 9;2 H-4+;2 A4201/ 1/,L1- 9; H9;A19 1 242 +-;+812+-N0.8012 :, 9; 7;:,-/;B

/# (*+6+71 ,) #+ "4+-"'+0"8'

" +1-.8- :, &4-aG,87 @ 9;2 1+;-.,2 :,9 H-4+; :, 91 -,>82.1 "//M,2 E;08;9;H834,2= 9;21/.-;+F9;H;2 G1/ 1+-,/:8:; 1 0;/0,A8- 912 -,+-,2,/.108;/,2 0;9,0.8>12 0;7; G,0G;22;0819,2= ,2 :,08-= 0;/28:,-N/:;912 .-120,/:,/.,2 :, 91 >;94/.1: 8/:8>8:419= 01-H1:12 0;/91 64,-?1 :, 91 7;-19 2;0819 @= ,/ :,68/8.8>1= 0;7; -,198:1:,2 2;0819,2 ;AI,.8>12B !; 34,7, 8/.,-,21 24H,-8- 134< ,2 34, ,/ 912 J9.8712 :M01:12 G4A; 4/ H8-;= 34, 2, 1+;@1 ,/ 9;2

017A8;2 .,0/;9FH80;2 ;04--8:;2 1 9; 91-H; :,9 J9.87; 28H9;= 1 +1-.8- :,9 0419 91 871H8/108F/.17A8M/ +12F 1 2,- 4/ G,0G; 2;0819 @ 0;9,0.8>;B '2.;2 017A8;2= 1 24 >,?= 2;/ 91 A12, :,91 +94-198:1: :, 9;2 74/:;2 871H8/1:;2B

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

-,;-H1/8?1- 24 >8:1 2;0819= :1-2, ,9 H42.; :, ,L+,-87,/.1- 2,/2108;/,2 @ ,2.1:;2,7;08;/19,2 +-;G8A8:;2 @ :,204A-8- 0;212 34, 2, 64,-;/ 689.-1/:; ,/ 24 2,/.8:; :, 91 >8:10;.8:81/1B $N2 14/= ,/ 740G12 2;08,:1:,2 G471/12= ,2.12 ,L+-,28;/,2 64,-;/ 91 A12, :,4/ 0;7+9,I; :8N9;H; ,/.-, 91 871H8/108F/ @ ,9 -8.419 1 .-1>M2 :,9 0419= 7,:81/., 91 8-;/,-28F/= 91 8/.,/28:1: :, 91 ,I,0408F/ @ 91 91A;- 0;9,0.8>1 1 34, ;A98H1/ 740G;2-8.419,2= 91 64,-?1 :, 912 /;-712 2;0819,2 0;.8:81/12 2, 64, +-;64/:8?1/:;B '2.;= +;-08,-.;= 2, :,2+-,/:, :,9 .8+; :, 1+;-., 8/:8204.8A9, 34, /;2 G1 9,H1:; 9; 7,I;- :, 911/.-;+;9;H


10/45

! " # $ % ! ' ' ( ) $ " ( *

H-1/:,2 -,>;9408;/,2= 9;2 H-1/:,2 049.;2 @ 9;2 7;>878,/.;2 7,28N/80;2 :, ;.-;2 .8,7+;2=041/:; 98:1

2;0819= :1/:; /10878,/.; 12< 1 +;:,-;2878,/.;2 :, 017A8; 2;0819B '/ 9110.4198:1:= 28/ ,7A1-H;= @1 /; ,2 4/1 04,2.8F/ :, 8/:8>8:4;2 :;.1:;2 :, 04198:1:,2,2+,0819,2 C01-827N.80;2D 01+10,2 :, 8/@,0.1- 91 871H8/108F/ ,/ 4/ 94H1- 34, /; ,2 ,924@;B !12 +,-2;/12 0;74/,2 @ 0;--8,/.,2 0;7,/?1-;/ 1 :,2+9,H1- 24 871H8/108F/ ,/ ,9,I,-0808; :, 242 >8:12 :81-812= 9; 34, 2, >, ,/ ,9 7;:; ,/ 34, 7,:8108F/ @ 7;>878,/.; 2,0;/.,L.4198?1/ 74.417,/.,B

S1:1 >,? +1-,0, 34, 7N2 H,/., 871H8/1 91 +;28A898:1: :, 34,= ,/ 4/ 64.4-;= ,99;2 ;242 G8I;2 >1@1/ 1 >8>8- ; 1 .-1A1I1- 1 ;.-;2 94H1-,2= 9,I;2 :, :;/:, /108,-;/B `2.1 ,2 91-,249.1/., :,9 147,/.; :,9 ,9 :, 91 >8:1 2;0819 /108;/190;7; H9;A19B %.-;2 2;/ 99,>1:;2 1 91 64,-?1 1 242 /4,>;2 94H1-,2= 0;7; /;2 9; -,04,-:1/9;2 017+;2 :, -,64H81:;2 ,/ \1891/:81= '.8;+1- 0;/ ,99;2 91 01+108:1: :, 871H8/1- @ +91/.,1-2, ;.-12 6;-712

:, >8:1B R8/197,/.,= ,2.N ,9 012; :, 134,9912 +,-2;/12 34, 2, 74:1/ ,/ A4201 :,.-1A1I;= -834,?12 @ ;+;-.4/8:1:,2 1 -1


11/45

! " # $ % ! ' ' ( ) $ " ( *

0;/.-1-8;= ,L82., 17+981 ,>8:,/081= ,/ ,9 24-H878,/.; :, /4,>12 -,98H8;28:1:,2= :, 34, 91-,98H8F/ /; 2F9; /; ,2.N 74,-.1 28/; 34, A8,/ +4,:, 34, 2,1 7N2 0;/2,04,/., 34, /4/01

:,A8:; 19 01-N0.,- 017A81/., , 8/.,-0;/,0.1:; :, 91 +;98:,/081 0-,08,/., :, 34, ,9 0;/247; :, 9;2 7,:8;2 7128>;2= :,0;74/80108F/ 1 9; 91-H; @ 1/0G; :,9 74/:; 0128 28,7+-, +-;>;01 -,282.,/081= 8-;/8:1:= ,2 :,08-= +-;:40, 6;-712 :, -,2+4,2.1 @ -,1008F/ 34, 24+;/,/ 4/1 +-)'0"+:S41/:; >,7;2 .,--;-82.12 34, 1:;+.1/ +1-1 2< 4/1 871H,/ .8+; (17A; C+,-2;/1I, 34, 124 >,? :8; 94H1- 19 24-H878,/.; :, 4/ 7;/.F/ :, 0;/.-1+1-.,2 @ (17A;2 :, :86,-,/.,228H/;2 ,/ ,9 74/:; /; %008:,/.19Dg 041/:; >,7;2 1712 :, 0121 9,@,/:; /;>,912 :,17;- ; 78-1/:; .,9,/;>,912 0;7; +1-., :, 4/ ,264,-?; +;- 0;/2.-48- 242 +-;+812 >8:12g

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

8/:8>8:4;2 H,/819,2 C,9 28H/86801:; .N08.; 34, G1 +-,>19,08:; :,2:, ,9 69;-,0878,/.; :,9(;71/.80827; ,4-;+,;DB U1-., :, 9; 34, 9;2 7,:8;2 :, 0;74/80108F/ :, 71212 G10,/+;28A9,= +-,08217,/., 1 -1


12/45

! " # $ % ! ' ' ( ) $ " ( *

,2 9; 34, ,/ ;.-1 ;+;-.4/8:1: :,/;78/M 0;74/8:1: :, 2,/.878,/.; C"++1:4-18= WXX[D=34, 0;/282., ,/ 4/ H-4+; 34, ,7+8,?1 1 2,/.8- , 871H8/1- 0;212 ,/ 6;-71 0;/I4/.1=

0;7; H-4+;B S;7; .1/ A8,/ 9; 7;2.-F K,/,:80. "/:,-2;/ CWXf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

8/.,-/108;/19827;= 0;7; 9; 74,2.-1/ 091-17,/., 9;2 ,6,0.;2 .-1/2/108;/19,2 :, 912%987+;9N.89,2= 7,/;2 +-;6,28;/198?1:12 @ 7,/;2 24I,.12 1 0-8.,-8;2 0;9,0.8>;2 :,9 +910,-= ,9H42.; ; 91 -,9,>1/081 74.41B R4/:17,/.197,/.,= 2;/ 0;74/8:1:,2 ,/ 2;9>,-M 1 8/282.8- 19 68/19

:, ,2., 01+


13/45

! " # $ % ! ' ' ( ) $ " ( *

'2.1 .,;-12= ,2 /,0,21-817,/., 4/1 .,;-878,/.;2 78H-1.;-8;2 2, H9;A198?1-;/7128>17,/.,= ,2 :,08-= 2, >;9>8,-;/ 10.8>;2 ,/ H-1/:,2 , 8--,H491-,2 ,2+108;2.-1/2/108;/19,2B jU;- 34M 0;/28:,-; 34, ,2.1 .,;-M2 :, 912 34, ,9 .-1A1I; :, 91871H8/108F/ 2, >1 .-1/26;-71/:;B \,-0,-;= +;-34, 78 ,/6;34, :,9 +-;A9,71 :,I1

,/.,-17,/., 1A8,-.1 91 04,2.8F/ :, 1:F/:, >1/ 1 8- 1 +1-1- 9;2 ,L+,-87,/.;2 0;/ 917;:,-/8:1: 34, G10, +;28A9, 91 7,:8108F/ ,9,0.-F/801= +;- ,I,7+9;= ,/ 9; -,91.8>; 19/108;/19827;= 91 >8;9,/081 @ 91 I42.8081 2;0819B &80G; :, ;.-; 7;:;= 2;@ 740G; 7N217A8>19,/., -,2+,0.; 1 91 +-;H/;282 34, 0419348,-1 :, 912 >1-81/.,2 :, 91 .,;-12 ,2 ,L+9,/081k @ 7,/;2 :8208+98/1-81 34, ,/ 912 :M01:12 :, WXl[ @ :, WXY[=041/:; 91 7;:,-/8:1: ,-1 >8>8:1 C,2+,08197,/., +;- 134,99;2 34, ,2.1A1/ 64,-1 :, 91,98., /108;/19D= 2;A-, .;:;= 1 .-1>M2 :, 9;2 1+1-1.;2 :, +-;+1H1/:1 :, 9;2 /108,/.,2'2.1:;2V/108F/= 34, C,/ "281 @ m6-801D G1AM2 :, 242 H-1/:,2 9,-/N0491 34, 0;7; 4/1 0;/0,28F/ 1 912 +;9; @ 9; 34, 7N2 2,1+-;>,0G1A1 ,-1= 2;A-, .;:;= 91 04198:1: >8>,/081k :, 91 7;:,-/8:1:B E8/ ,7A1-H;= +1-1

+( ,-)."%*)() /.01-")()( 2+


14/45

! " # $ % ! ' ' ( ) $ " ( *

91 71@;- +1-., :, 912 0912,2 .-1A1I1:;-12= 9;2 +;A-,2 @ 9;2 71-H8/1:;2= 91 7;:,-/8:1:0;7; >8>,/081 ,2 4/ 6,/F7,/; -,91.8>17,/., -,08,/.,B

'2.12 780-;/1--1.8>12 24A>,-28>12= 1 24 >,?= 1987,/.1/ 1 9;2 7;>878,/.;20;/.,2.1.1-8;2 @ :, ;+;2808F/= 34, >1/ :,2:, E,/:,-; !478/;2; ,/ U,-J G12.1 PNA8.1.+1-1 91 P471/8:1:= :,2:, ,9 7;>878,/.; :, 9;2 >,-:,2 ,/ '4-;+1 G12.1 ,9 7;>878,/.;/108;/1982.1 .1789 :, E-8 !1/a1= :,2:, 9;2 H-4+;2 829N780;2 ,/ 'H8+.; G12.1 91 H4,--8991/108;/1982.1 2,+1-1.82.1 ,/ SG,0G,/81B '/ .;:;2 ,2.;2 7;>878,/.;2= 19H4/;2 :, 9;2 0419,22;/ :, 01-N0.,- >8;9,/.; @ -,+-,28>; @ ;.-;2 :, 01-N0.,- +10,- 0F7; 9;2 7,:8;2 :, 0;74/80108F/ :, 71212 ,9,0.-F/80;2 @ 91 7;>898?108F/.-1/2/108;/19 -;7+8,-;/ ,9 7;/;+;98; 34, .,/8:419,2 01:1 >,? 2, 8/.,-2,0.1/

7,/;2 0;/ 912 :,9 '2.1:;V/108F/B!12 ,26,-12 +JA98012 ,/ :8N2+;-1 34, -,249.1/ :, .19,2 ,/04,/.-;2 :,I1-;/ :, 2,-

+,34,512= 71-H8/19,2 ; ,L0,+08;/19,2B '/ 91 10.4198:1: 2;/ +1-., :, 91 :8/N7801 049.4-19:, 91 >8:1 4-A1/1 ,/ 91 71@;-; 2,/.8:; :, 9; H9;A19 0;7; 9; 7;:,-/; @ :, 9; 7;:,-/; 0;7; 9;H9;A19B U;- ,I,7+9;= 91 +,9,/8,/.,2 :, 91 */:81= .-1/26;-71:;2 @ :,2+91?1:;2 +;- 912 -,9108;/,2 -10819,2 ,/OH1/:1= 2, ,/6-,/.1/ 1 912 0;7+9,I8:1:,2 @ 24.89,?12 :, 91 04,2.8F/ -10819 ,/ ,9 24- :, 9;2'2.1:;2 O/8:;2= 28,7+-, .-1.1/:; :, 71/.,/,- 4/ 2,/.8:; :, 24

"',"+'",+,B)'B419"4")'(1: !1 1282.,/081 1 4/ +1-.8:; :, 0-80a,. ,/.-, */:81 @ U13482.N/+;- +1-., :, 8/:8;2 @ +13482.1/M12, ,901+1-8;2 .8+;2:, ,26,-12 +JA98012 ,/ :8N2+;-1= :,2+9,H1:12 1 9; 91-H; @ 1/0G; :,9 74/:;= 9; 34,0;/2.8.4@, 4/; :, 9;2 94H1-,2 :,2:, 9;2 0419,2 >824198?1- @ +-;A9,71.8?1- 9; 7;:,-/;H9;A19B

E46808,/.,= +;- ,9 7;7,/.;= 2;A-, ,9 +51*+ H9;A19B '/ 9;2 01+8.1A9,B '2.;2 ,20-8.;2 .17A8M/ 2;/ ,9 -,249.1:;:, 4/1 +,-2+,0.8>1 +-;6,28;/19 242.1/08197,/., 71-01:1 +;- :;2 6;-7108;/,2101:M78012 :, '2.1:;2 O/8:;2 :,/.-; :, 912 0419,2 .4>; 94H1- 78 ,/.-,/178,/.;+-;6,28;/19 @ :,/.-; :, 912 34, 7, G, :,2,7+,51:; 1 9; 91-H; :, 0128 .;:1 78 >8:1101:M7801c 91 1/.-;+;9;H


15/45


16/45

! " # $ % ! ' ' ( ) $ " ( *

2, 1+;@1 2;A-, 4/1 98/Hr8-.4:,2 :,9 ,2.-40.4-19827; 34, G,7;2 .,/:8:; 1 :,2048:1- @ ;9>8:1- ,/ /4,2.-1 +-;/.1:82+;2808F/ 1 1.101-9; +;- 242 12;08108;/,2 1G82.F-8012= 6;-71982.12= A8/1-812= 7,/.1982.12@ .,L.41982.12B

'9 12+,0.; 7N2 >198;2; :,9 0;/0,+.; :, 049.4-1 ,2 ,9 0;/0,+.; :, :86,-,/081= 4/1+-;+8,:1: 0;/.-12.8>1 V7N2 34, 4/1 +-;+8,:1: 242.1/.8>1V 34, +;2,,/ 08,-.12 0;212B"4/34, ,/ 91 10.4198:1: ,9 .M-78/; p:86,-,/081p G1@1 1:348-8:; 4/ >12.; 0;/I4/.; :,12;08108;/,2 C+-8/08+197,/., 1 -1


17/45

! " # $ % ! ' ' ( ) $ " ( *

:86,-,/0812 34, 64,-;/ 2,9,008;/1:12 @ 7;>898?1:12 0;/ ,9 ;AI,.8>; :, 1-.80491- 9126-;/.,-12 :, 91 :86,-,/081B '/ .1/.; 04,2.8F/ 34, .8,/, 34, >,- 0;/ 4/1 ;+,-108F/ :,

71/4.,/08F/ :, 6-;/.,-12= 91 049.4-1 +121 1 2,- 4/ 124/.; :, 8:,/.8:1: :, H-4+;= 91 0419,2 0;/2.8.48:1 +;- 19H4/12 :86,-,/0812= .;71:12 :, ,/.-, 740G12BU,-;= j/; 2,-N M2.1= 287+9,7,/.,= 4/1 71/,-1 :, 8H4191- ,./808:1: @ 049.4-1e E< @ /;B

E898?1- 08,-.12 :86,-,/0812 @ :, 0;/,0.1-912 1 91 8:,/.8:1: :, H-4+;.17A8M/ :868,-, :, 91 ,./808:1: C19 7,/;2= :, 4/ 2,/.8:; .-1:808;/19 :, ,/.,/:,- 91,./808:1:D ,/ ,9 2,/.8:; :, 34, /; :,+,/:, +1-1 /1:1 :, 91 ,L.,/28F/ :, 2,/.878,/.;2+-87;-:819,2 1 4/8:1:,2 7N2 @ 7N2 H-1/:,2 ,/ 4/ +-;0,2; :, 0;-., 4/8:8-,008;/19= /8.17+;0; 0;7,., ,9 ,--;- :, 24+;/,- 34, 4/8:1:,2 2;0819,2 7N2 H-1/:,2 287+9,7,/.,4.898?1/ 91 01/.,-1 :, 2,/.878,/.;2 34, +-;>,,/ 912 -,9108;/,2 :, +1-,/.,20; +1-1 :;.1-:, 64,-?1 ,7;.8>1 1 8:,/.8:1:,2 :, H-4+; :, H-1/ ,20191B '/ ,9 01+1-8,:1: :, +-N0.8012 1 ,201912 +-;H-,28>17,/., 7N2 @ 7N2+,34,512B '2.; 240,:, +-,08217,/., 1 91 8/>,-21 :, 91 1/.8H41 8:,1 +-87;-:81982.1 C;,L.,/28;/82.1D :, 91 8:,/.8:1: M./801B

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c ,2 :,08-= ,/.M-78/;2 :, _,A,-= ,2 +;28A9, 34, 2,1/ -108;/19,2 ,/ -,9108F/ 0;/ 9;2 >19;-,2 ,/ >,? :,-108;/19,2 ,/ 4/ 2,/.8:; 8/2.-47,/.19B % 2,1= +4,:, 34, .,/H1/ 4/1 8/2.-47,/.198:1:+4-17,/., ;-8,/.1:1 1 4/1 04,2.8F/ :, 8:,/.8:1:= ,/ 94H1- :, 4/1 8/2.-47,/.198:1: 34,=0;7; >1 87+91 10,-01 :, +-N0.8017,/., .;:12 912 ,L+980108;/,2 :, 0;-.,8/2.-47,/.19= ,2 34, /; 99,H1/ 1 ,L+9801- ,9 +-;0,2; +;- ,9 0419 08,-.;2 0-8.,-8;2 :,:86,-,/081 7;>898?1:;2 ,/ ,9 8/.,-M2 :, 91 8:,/.8:1: :, H-4+; C1 24 >,?= 8/2.-47,/.19,2

-,2+,0.; 1 ;.-;2 ;AI,.8>;2D 2;/ >4,9.;2 1 8/20-8A8- ,/ 9;2 04,-+;2 :, 9;2 24I,.;2 2;0819,2=:, 7;:; 34, 2,1/ >8>8:;2 28749.N/,17,/., :, 6;-71 /1.4-19 @ :, 6;-71 +-;64/:17,/.,8/0,/:81-81B

+( ,-)."%*)() /.01-")()( 2/


18/45

! " # $ % ! ' ' ( ) $ " ( *

!9,H1:; 1 ,2., +4/.; +;:,7;2 :,08- 34, G,7;2 1>1/?1:; 4/ +12; 7N2= ,2 :,08-=+1217;2 :, 4/1 0;/0,+08F/ :, 91 049.4-1 0;7; 242.1/081 1 4/1 0;/0,+08F/ :, 91 049.4-1

0;7; 91 :87,/28F/ :, 91 :86,-,/081= :, 1G< 1 4/1 0;/0,+08F/ :, 91 049.4-1 0;7; 918:,/.8:1: :, H-4+; A121:1 ,/ 91 :86,-,/081= @ :, 1G< 1 4/1 0;/0,+08F/ :, 91 049.4-1 0;7;,9 +-;0,2; :, /1.4-198?1- 4/ 24A0;/I4/.; :, :86,-,/0812 7;>898?1:12 1 68/ :, 1-.80491- 4/18:,/.8:1: :, H-4+;B "G;-1 ,2.17;2 ,/ +;2808F/ :, +121- 1 91 04,2.8F/ :,9 049.4-19827;B

S128 /4/01 ,/0;/.-17;2 91 +191A-1 p049.4-19827;p 2;91B O24197,/., >8,/, 0;7; 4/242.1/.8>; 171--1:; 1 :,.,-78/1:;2 +-,68I;2= .19,2 0;7;= pA8Vp= p749.8Vp= ; p8/.,-Vp= +;-7,/08;/1- 2;917,/., 9;2 7N2 421:;2B U,-; +4,:, 34, 2,1 +-;>,0G;2; 0;7,/?1- 14.898?1- 91 +191A-1 p049.4-19827;p +1-1 :,28H/1- 4/1 01-10.,-878,/.;22;0819,2 34, ,LG8A,/ +-;0,2;2 0;/208,/.,2 :, 0;/2.-4008F/ :, 24 8:,/.8:1:B '2.;27;>878,/.;2 2;0819,2= @1 2,1/ ,/ 9;2 '2.1:;2 O/8:;2 ; ,/ 0419348,- ;.-; 94H1-= +;- 9;H,/,-19 2, :8-8H,/ 1 9;2 '2.1:;2V/108F/ 7;:,-/;2= 34, 2;/ 9;2 34, :82.-8A4@,/ @1:78/82.-1/ 4/1 2,-8, :, :,-,0G;2 @ 21/08;/,2= 8/0948:12 91 >8:1 @ 91 74,-.,= ,/

0;--,2+;/:,/081 0;/ 4/1 2,-8, :, 09128680108;/,2 @ +;912 1 912 8:,/.8:1:,2 :,H-4+;B '/6-,/.1:;2 1 +-N0.8012 ,2.1.19,2 34,= ,/ .;:; ,9 74/:;= +,-282.,/ ,/ 91 .1-,1 :,,/0128991- 24 :8>,-28:1: M./801 ,/ 4/ 0;/I4/.; 0,--1:; @ 68I; :, 01.,H;-8:4;2 +1-.80491-,2=740G;2 H-4+;2 2, ,2.N/ 7;>898?1/:; :, 71/,-1 0;/208,/., :, 104,-:; 0;/ 0-8.,-8;28:,/.8.1-8;2B '9 049.4-19827; ,2= :80G; :, 4/1 71/,-1 74@ 287+9,= 4/1 +;9898?1:1 ,/ ,9 /8>,9 :,9 '2.1:;V/108F/B

E;A-, ,2.1 0912, :, 049.4-19827; 2, 0,/.-1 ,9 01+8;9,/081 M./801 ,/ 91 +121:1 :M01:1B !; 34,+1-,0, 2,- 4/ -,/10878,/.; 1 ,20191 74/:819 :, 9;2 /108;/19827;2 @ 9;2 2,+1-1.827;2M./80;2 /; ,2 ,/ 1A2;94.;= 0;7; 0;/ 6-,04,/081 2;2.8,/,/ 9;2 +,-8;:82.12 @ 9;2 24+4,2.;2

,L+,-.;2= +-;:40.; :,9 .-8A19827;= 0;/ 24 87+980108F/ :, >8,I12 G82.;-812= -8>198:1:,29;019,2 @ ;:8;2 +-;64/:;2B U;- ,9 0;/.-1-8;= 91 >8;9,/081 M./801 34, G;@ >,7;2 ,/ .1/.;294H1-,2 :,9 74/:; ,2 +1-., :, 912 H-1/:,2 .-1/26;-7108;/,2 24H,-8:12 +;- ,9 +-;+8;.M-78/; p049.4-19827;pB

'9 049.4-19827;= 0;7; 101A; :, ,L+9801-= ,2 91 7;>898?108F/ 0;/208,/., :, 912:86,-,/0812 049.4-19,2 19 2,->808; :, 4/1 +;9,0,2 0;/ ,9,L898; ; ,9 ,2.1.42 :, -,64H81:;= @ 0128 28,7+-, 0;/ 912 940G12 +;- ,9 -,0;/;0878,/.; +;-+1-., :, 9;2 '2.1:;2V/108F/ ,L82.,/.,2 ; :, 9;2 :8>,-2;2 ;-H1/827;2 .-1/2/108;/19,2B

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a82.1/;2= 9;2 28aG2 ; 9;2 6-1/0;+1-91/.,2,/ S1/1:N= .8,/:,/ 1 2,- 0;/.-1/108;/19,2 @ 7,.1049.4-19,2B '/ 24 2,/.8:; 7N2 17+98;=0;7; +91/.,; 19 68/19 :,9 98A-;= ,9 049.4-19827; ,2 91 6;-71 34, 912 :86,-,/0812 049.4-19,2.8,/:,/ 1 1:;+.1- ,/ 91 ,-1 :, 9;2 7,:8;2 7128>;2 :, 0;74/80108F/= 912 78H-108;/,2

7128>12 @ 91 H9;A198?108F/B

+( ,-)."%*)() /.01-")()( 20


19/45

! " # $ % ! ' ' ( ) $ " ( *

F841 .) ).(&,"+' #+. *)-"1'). ,)# 4&',1

'9 M/61282 1/.-;+;9FH80; ,/ 9; 049.4-19= 34, 0;/282., ,/ 91 8/69,L8F/ +-8/08+19 34,:,2,1-&)*() V14/34,= 1 >,0,2= 7,-17,/., .N08.;V 2,/.8:; :, 91 87+;-.1/081,2.-1.MH801 :, 91 8/6;-7108F/ ;A.,/8:1 7,:81/., ,2.1 +,-2+,0.8>1B `21 ,2 91 -1?F/ +;- 9134, 0;/ 6-,04,/081 2, 2,5191-;/ 9;2 >8;2827; 34, 69;.1 ,/ .;-/; 1 912 ,2.-40.4-12 @ 9128:,;9;H,-28.1-8;= :, 91264/:108;/,2 +-8>1:12= :, 9;2 0,/.-;2 +-8>1:;2 :, 8/>,2.8H108F/ @ G12.1 :,9 H;A8,-/;

:8I,-;/ 091-17,/., 34, ,9 >8,I; 7;:; :, ,2.4:81- 912 -,H8;/,2 @1 /; .8,/, 2,/.8:;:,2+4M2 :, WXfXB U;- ,2;= 1 9;2 0-89 ; :, 9;2 7,-01:;2 98A,-198?1:;2B U;- 24+4,2.;= /8/H4/1 0-,- 0;/ 24

+( ,-)."%*)() /.01-")()( 21


20/45

! " # $ % ! ' ' ( ) $ " ( *

8/01+108:1: :, 1+;-.1- 4/1 >828F/ 7N2 17+981 @ 0;/ 71@;- 01+108:1: +-,:80.8>1 :,974/:; +;2 WXfXB

U,-; 91 .-1:808F/ :, 9;2 ,2.4:8;2 :, 912 -,H8;/,2 :,9 74/:; ,2 4/1 ,2+1:1 :, :;A9,689;B '/ 4/1 2;08,:1: /;.;-817,/., :,>;.1 :,9 ,L0,+08;/19827; , 8/.,-78/1A9,7,/.,+-,;04+1:1 +;- "7M-801 s,/ ,9 2,/.8:; ,2.-80.; :, p'2.1:;2 O/8:;2pt= 91 .-1:808F/ :, 9;2,2.4:8;2 :, 912 -,H8;/,2 :,9 74/:; 64,= ,/ -,198:1:= 4/ +,34,5; -,64H8; +1-1 99,>1- 101A; 4/ ,2.4:8; 2,-8; :, 9;2 8:8;712 ,L.-1/I,-;2= :, 912 >828;/,2 19.,-/1.8>12 @ :,+,-2+,0.8>12 1 H-1/ ,20191 10,-01 :, 9;2 017A8;2 2;08;049.4-19,2 64,-1 :, '4-;+1 @ 9;2'2.1:;2 O/8:;2B "9H; ,/-,:1:;2= ,/ -1?F/ :, 4/1 08,-.1 .,/:,/081 G1081 91 689;9;H1 8:,/.8680108F/ 0;/ 91 -,H8F/ :, 24,2+,08198?108F/= 9;2 ,2.4:8;2 :, 912 -,H8;/,2 :,9 74/:;= :, .;:;2 7;:;2= 64,-;/ 4/; :,9;2 +;0;2 0;/.-1+,2;2 2,-8;2 1 91 8/01/21A9, .,/:,/081 :, 91 101:,781 ,2.1:;4/8:,/2,= 9;7827; 34, :, 91 2;08,:1: ,2.1:;4/8:,/2, ,/ H,/,-19= 1 71-H8/1- , 8H/;-1- ,/;-7,2N-,12 :,9 +91/,.1B ); ;A2.1/.,= ,2 +;28A9, 34, 91 .-1:808F/ :, 912 -,H8;/,2 :,9 74/:; 2,

G1@1 1/3489;21:; @ :1:; +;- 21.826,0G1 0;/ 242 +-;+8;2 71+12 :,9 74/:;= :,71281:;2,H4-1 @ 0;/681:1 ,/ 242 +-N0.8012 ,L+,-.12= @ :,71281:; 8/2,/28A9, @ :,21.,/.1 1 9;2+-;0,2;2 .-1/2/108;/19,2= .1/.; :,9 +-,2,/., 0;7; :,9 +121:;B % 2,1 34,= 08,-.17,/.,=99,HF 91 G;-1 :, 91 0-


21/45

! " # $ % ! ' ' ( ) $ " ( *

U,-;= 7, 1+-,24-; 1 87+9;-1-c ,2 87+,-1.8>; 34,= +;- 61>;-= */:81 V,/ ,2., 98A-;V /; 2,19,17,/., +-8>89,H81:12 :, 912 4/8>,-28:1:,2 ,2.1:;4/8:,/2,2 34, 2, :,:801/ 1 918/>,2.8H108F/B (,249.1 87+;-.1/., 8:,/.86801- 912 6;-712 :, +-;:4008F/ :, 0;/;0878,/.; 1.-1>M2 :, 912 34, 2, ;-8H8/1 @ 1-.80491 ,2., .8+; :, 7,H19;71/17,/.,= 4/ +,98H-; 8/0942; ,/ 4/ 98A-; 0;7;M2.,= 34, :,/.-; :, .;:; ,2.N 0;/208,/.,7,/., 7;9:,1:; +;- 4/1 +-,;04+108F/ 10,-01

:,9 .,71 :, 912 :8N2+;-12= 91 :,2.,--8.;-8198?108F/ @ 91 8--,H491-8:1: :, 9;2 91?;2 ,/.-, 912/108;/,2= 912 8:,;9;H878,/.;2 2;0819,2B

?+. 0")'0"+. .10"+#). ,).


22/45

! " # $ % ! ' ' ( ) $ " ( *

8/.,-0;/,0.1:; :, +4,A9;2 , 87NH,/,2 ,/ :8N2+;-1 34, 01-10.,-8?1 ,9 134< @ ,9 1G;-1B !;2'2.1:;2V/108F/= ,/ .1/.; 4/8:1:,2 :, 4/ 282.,71 8/.,-10.8>; 0;7+9,I;= +-;A1A9,7,/., /;

2,1/ 9;2 34, >1@1/ 1 1-A8.-1-= 1 91-H; +91?;= 91 -,9108F/ ,/.-, 91 H9;A198:1: @ 917;:,-/8:1:B '2.; ,2 9; 34, 348,-; 24H,-8- ,/ ,9 .1= :,2A;-:1:1B

!1 8:,1 :, 34, 19H4/;2 '2.1:;2V/108F/ ,2.N/ ,/ 0-8282 64, 28,7+-, 4/; :, 9;2 .,71209N280;2 :,9 017+; :, 91 08,/081 +;9; ,/ 91 ,-1 :, 912

0;-+;-108;/,2 749.8/108;/19,2B U,-; 91 8:,1 :, 34, ,2 ,9 +-;+8; 282.,71 :,'2.1:;2V/108F/ ,/ 24 0;/I4/.; 9; 34, 0;--, +,98H-; ,2.N 9,I;2 :, 2,- 4/1 8:,1 +;+491-B '/,2., 98A-;= 78 8/282.,/081 ,/ +;/,- 1.,/08F/ ,/ ,9 H48F/ 34, 0;/,0.1 1 p'2.1:;p 0;/p/108F/p ,2 +1-., :,9 :,21--;99; :, 4/1 91= 34, ,2 4/ +;0;:81H/F2.80; @ ;.-; +;0; +-;/F2.80;= 34, ,2 +1-., 8/.4808F/ @ +1-., 1-H47,/.;= /,0,28.12,- ,L+9801:1 7N2 1 6;/:;B

U-87,-;= /,0,28.; G10,- 4/1 :82.8/08F/ ,/.-, ,9 0;7+;/,/., M.80; @ ,9 0;7+;/,/.,1/19,-2;2 7;>878,/.;2 .-1/2/108;/19,2 ,L82.,/.,2G12.1 6;-712 2;2.,/8A9,2 :, 4/ H;A8,-/; .-1/2/108;/19 /; ,2 +1-1 /1:1 091-;B \;:1>12 1 91 ,2.-1.,H81 :, :,.,-78/1- 34M '2.1:;2V/108F/ 2;/ 7N221/;2 34, ;.-;2 +1-1 94,H; 24H,-8- :8>,-2;2 7,01/827;2 :, .-1/26,-,/081 8:,;9FH801B'2.-1.,H81= ,2.1 J9.871= 34, /; G10, ;.-1 0;21 34, -,+,.8-= 4/1 >,? 7N2= 912 +;9,/8- 0;/ ,9 18-, .-84/61982.1 :, 28,7+-, @= ,/-,198:1:= /; 14H4-1/ /1:1 A4,/;B

E8 ,9 +91/; M.80; :, 78 1-H47,/.; ,2= /,0,21-817,/.,= 19H; A;--;2;= ,9 +91/; 1/19


23/45

! " # $ % ! ' ' ( ) $ " ( *

.1/ 2F98:;2 @ 2,H4-;2 0;7; 9;2 '2.1:;2 O/8:;2= "9,71/81 ; n1+F/= 9;2 :,A1.,2 10,-01 :,91 04,2.8F/ -10819= 9;2 :,-,0G;2= 91 7,7A-,28:1: :,9 '2.1:;V/108F/ 2, A121= +-,08217,/.,= ,/ ,2.12 8/2.1/0812 ,/ 1+1-8,/0812,H4-12 @ 9,H;2 /108;/19827;2 M./80;2,/ ,9 74/:;= ,2+,08197,/., ,/ '4-;+1 %-8,/.19B '/ 9;2 '2.1:;2 O/8:;2 0128 28,7+-, 2,2,5191 1 K;2/81VP,-?,H;>8/1 0;7; +-8/08+19 28>;0;7; ,/6,-7;= 78,/.-12 34,= 28749.N/,17,/.,= 2, 8/>;01/ 912 :,7;0-10812 -8012 +1-1:,7;2.-1- 34, ,9 '2.1:;V/108F/ ,2.N= >8>; @ H;?1 :, +,-6,0.1 2194:B

&1:1 91 6-,04,/081 0;/ 91 34, 2, 4.898?1 1 '4-;+1 %-8,/.19 +1-1 7;2.-1- 34, ,9.-8A19827; ,2 19H; +-;64/:17,/., G471/;= 34, ,9 /108;/19827; :, ;.-;2 +4,A9;2 /; ,2;.-1 0;21 34, 4/ .-8A19827; 1 4/1 ,20191 7N2 H-1/:, @ 34, 91 2;A,-1/; +-8/08+19 :, 740G;2 H-1/:,2 H-4+;2 M./80;2= +,-71B " 78 I4808;= '4-;+1 %-8,/.19 64, 28/H491-7,/.,

:82.;-28;/1:1 ,/ B 912 1-H47,/.108;/,2 +;+491-,2 10,-01 :,9 /108;/19827;= .1/.; ,/ 91+-,/21 0;7; ,/ 91 101:,781 :, 9;2 '2.1:;2 O/8:;2B '/ >,? :, 2,- 4/1 8/2.1/081 7;:19 :,912 0;7+9,I8:1:,2 :, .;:;2 9;2 /108;/19827;2 M./80;2 0;/.,7+;-N/,;2= '4-;+1 %-8,/.19 @=,/ +1-.80491-= 24 610,.1 2,-A81= 64, 4.898?1:1 0;7; :,7;2.-108F/ :,9 0;/.8/41:; >8H;- :,9;2 /108;/19827;2= ,/ 9;2 34, .,--8.;-8;= 8:8;71= -,98H8F/= G82.;-81 @ 21/H-, 0;/6;-71/ 4/.;:; 0;/H-4,/.,= ,/ 2471= 4/ ,I,7+9; 34, -,247, , 8942.-1 0;/ 7NL871 287+9,?1 @091-8:1: :, 34M 2, .-1.1 ,9 /108;/19827;B U;- 24+4,2.;= 9; 34, -,249.1 61208/1/., :,'4-;+1 %-8,/.19 ,2 34, 19H4/;2 :, 242 +-;+8;2 8:,F9;H;2 :, :,-,0G1 0;/>,/08,-;/ 1 91+-,/21 98A,-19 :, %008:,/., :, 34, ,9 /108;/19827; ,2 4/1 -,198:1: +;9878,/.;= ,/ 4/ 74/:; :,91 7,-01/.898?108F/ 1 ,20191 H9;A19 @ :, '2.1:;2 8/01+10,2 :, H1-1/.8?1- 9;2 :,-,0G;2 7N2AN280;2 8/0942; 1 91 71@;-M12,,9 01+


24/45

! " # $ % ! ' ' ( ) $ " ( *

,/ 4/ .8+; :, +1.-8;.827; 34, /; ,2 /8 ,L09428>1 /8 64/:17,/.197,/., .,--8.;-819B"-H47,/.;2 ,/ 61>;- :, G10,- ,2., .8+; :, 0;/0,28;/,2 1/871/ 740G;2 :, 9;2 01+;- 8:,/.86801/:; 91 71/,-1 ,/ 34, 08,-.12 6;-712:, 7,:8108F/ 7128>1= /;.1A9,7,/., 9;2 +,-8F:80;2= 912 /;>,912 @ ;.-;2 7,:8;2 87+-,2;2=

I4H1-;/ 4/ +1+,9 091>, ,/ 91 871H8/108F/ :, 91 /108F/ @ ,/ 610898.1- 91 :86428F/ :, ,2.16;-71 +;- .;:; ,9 74/:; 0;9;/819= .1/.; ,/ "281 0;7; ,/ ;.-12 +1-.,2 :,9 74/:;B $81-H47,/.; H,/,-19 ,2 34, ,L82., 4/ >1 C>828F/ 0;/ 91 34, 2< 0;/.17;2 ,/ ,9 +-,2,/., 0;/ -,2+,0.; 1 91 +,-8+,081H9;A19 :, 91 8:,1 :, /108F/D= -,249.1 74@ :861 2, ,/04,/.-1 01:1 >,? 7N2 :;78/1:1 +;- 9;2 7,:8;2 :, 0;74/80108F/,9,0.-F/80;2 C@= +;- 9; .1/.;= :,20;/,0.1:1 :, 91 01+108:1: :, 9,,- @ ,20-8A8-D= @ ,/ 917,:8:1 ,/ 34, .19,2 7,:8;2 :, 0;74/80108F/ 0;/,0.1/ 1 +-;:40.;-,2 @ 14:8,/0812 1971-H,/ :, 912 6-;/.,-12 /108;/19,2= 0;21 34, ;04--, 0;/ 7N2 @ 7N2 6-,04,/081= @ 34,

,2.12 782712 14:8,/0812 :1/ 94H1- 1 /4,>12 0;/>,-2108;/,2 , 8/.,-017A8;2 ,/.-, 9;2 34,2, 64,-;/ @ 9;2 34, 2, 34,:1-;/= ,/0;/.-17;2 4/ /J7,-; 0-,08,/., :, ,26,-12 +JA98012:812+F-8012B

'2.12 ,26,-12 +JA98012 ,/ :8N2+;-1 ,2.N/= 0;/ 6-,04,/081= >8/0491:12 1 ,2.4:81/.,2 ,8/.,9,0.419,2 ,7A1-01:;2 ,/ 4/ /108;/19827; 1 91-H1 :82.1/081= 0;7; 8942.-1 ,9 012; :,9;2 10.8>82.12 :, 91 (,+JA9801 U;+491- SG8/1B '9 ,2.1A9,0878,/.; :,9 H;A8,-/; :, 91 71@;-;2 .8+;2 :, :8204-2;2 ,/ .;-/; 1 91:,7;0-1081 -10819 ,/ m6-801 12< 0;7; ,/ 9;2 '2.1:;2 O/8:;2 @ ,9 S1-8A,B '9 74/:; 829N780;,2 ,9 ,I,7+9; 7N2 6178981- :, .;:; 4/ ,2+,0.-; :, :,A1.,2 @ +-;@,0.;2 34, .8,/,/ 74@+;0; ; /1:1 34, >,- 0;/ 912 6-;/.,-12 /108;/19,2B (,98H8;/,2 34, ,/ ,9 +121:; ,-1/ :, 4/01-N0.,- :,08:8:17,/., /108;/19= G;@ 7N2 34, /4/01 2, +91/.,1/ 7828;/,2 H9;A19,2 @098,/.,912 :812+F-8012c ,9 G8/:4827; H9;A19 :, 91 +121:1 :M01:1 ,2 ,9 7,I;- ,I,7+9; :,,2.;B !;2 7;>878,/.;2 :, 10.8>82.12 0;7+-;7,.8:;2 ; A8,/ 0;/ ,9 .,71 :,97,:8;17A8,/., ; 0;/ :8>,-2;2 124/.;2 34, 1.15,/ 1 912 74I,-,2 ; 0;/ 91 04,2.8F/ :, 9;2:,-,0G;2 G471/;2= +;- 9; H,/,-19= 0-,1-;/ 4/1 ,26,-1 :, :8204-2; .-1/2/108;/19 34,= 0;/6-,04,/081= 2, 1+;@1 ,/ 91 14.;-8:1: 7;-19 :, 9;2 -,64H81:;2= 9;2 ,L8981:;2 @ ;.-12+,-2;/12 @ H-4+;2 :,2+91?1:;2B !;2 H-1/:,2 7;>878,/.;2 2,+1-1.82.12 .-1/2/108;/19,2=0;7; ,9 :, 9;2 28aG2= 9;2 a4-:;2 ; 9;2 .1789,2 :, E-8 !1/a1= -,198?1/ 24 91A;- :,+-;:4008F/ :, 4/1 871H,/ :, 2< :,2:, 28.8;2 :82+,-2;2 +;- .;:; ,9 74/:;= :;/:, .8,/,/91 01/.8:1: 246808,/., :, 78,7A-;2 0;7; +1-1 :1- 94H1- 19 24-H878,/.; :, 7J9.8+9,2/;:;2 ,/ 4/1 ,26,-1 +JA9801 :812+F-801 :, 71@;- ,20191B

!1 ;91 :, :,A1.,2 10,-01 :,9 749.8049.4-19827; 34, 2, ,L.,/:8F 1 9; 91-H; @ 1 9; 1/0G;:, '4-;+1 @ :, 9;2 '2.1:;2 O/8:;2 ,2 4/ .,2.87;/8; 2,H4-; :, 91 8/01+108:1: :, 9;2

'2.1:;2 +1-1 +-,>,/8- 34, 242 78/;-8/049,/ @ 12;08,/ 0;/ 2,0.;-,2 7N217+98;2 :,9 ,9,0.;-1:; +;- 24 16898108F/ M./801 ; -,98H8;21B '2.;2 @ ;.-;2 ,I,7+9;2 +1-,0,/

+( ,-)."%*)() /.01-")()( !,


25/45

! " # $ % ! ' ' ( ) $ " ( *

24H,-8- 34, 91 ,-1 ,/ 91 34, +;:81A9, ,-1=.1 ; /,0,21-817,/., '+0"1'+# +-;A1A9,7,/., G1@1 99,H1:; 1 24 68/B

!12 ,26,-12 +JA98012 :812+F-8012= 34,= +;- 08,-.;= 2;/ 74@ :8>,-212 @ 74@ :82.8/.12,/.-, 2;2 0;7; 9;28/.,-10.8>;2D @ 9;2 7;>878,/.;2 :, -,64H81:;2= 10.8>82.12= ,2.4:81/.,2 @ .-1A1I1:;-,2BU4,:, 34,= 19 68/19= ,9 ;-:,/ +;2/108;/19 ,7,-H,/., /; 2,1 4/ 282.,71 :, 4/8:1:,2G;7;HM/,12 C0;7; 2< 9; ,2 ,9 10.419 282.,71 :, '2.1:;2V/108F/D 28/; 4/ 282.,71 A121:;,/ -,9108;/,2 ,/.-, 4/8:1:,2 G,.,-;HM/,12 C19H4/;2 7;>878,/.;2 2;0819,2= 19H4/;2H-4+;2 :, 8/.,-M2= 19H4/12 12;08108;/,2 +-;6,28;/19,2= 19H4/12 ;-H1/8?108;/,2 /;H4A,-/17,/.19,2= 19H4/;2 H-4+;2 +;980819,2 1-71:;2= 19H4/;2 ;-H1/827;2 I4:80819,2DB '9H-1/ :,216,- 28 .19 G,.,-;H,/,8:1: ,2 0;/282.,/., 0;/08,-.12 0;/>,/08;/,2 719;-,2 @ /;-712 34, /; -,348,-1/ 4/1 1:G,28F/,2.-80.1 19 0;/.-1.; 2;0819 98A,-19 :,9 %008:,/., 7;:,-/;B '2.1 04,2.8F/ :,0828>1 /; 2,-N

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

+( ,-)."%*)() /.01-")()( !-


26/45


27/45


28/45

! " # $ % ! ' ' ( ) $ " ( *

C+-87,-;= ,9 74/:; 0;9;/819 ,2+15;9 @ +;-.4H4M2g 7N2 .1-:,= ,9 8/H9M2= 6-1/0M2 @G;91/:M2= +-8/08+197,/.,D 2,/.1-;/ 912 A12,2 +1-1 ,9 .-N680; +,-71/,/., :, 912 8:,12 :,

+4,A9; @ :, 8:,/.8:1: :, 2878,/.;2 34, 2, A121A1/ ,/ 4/1 +1-1:;I1c91 :,9 +-87;-:819827; 0;/2.-48:;B P1@= +;- 24+4,2.;= 740G; 7N2 ,/ I4,H; ,/ 91 G82.;-81:,9 0;9;/819827; @ :, 9;2 /108;/19827;2 :819M0.8017,/., -,249.1/.,2 CSG1..,-I,,= WXfYD=+,-; 91 04,2.8F/ :, 912 ,./808:1:,2 0;/2.-48:12 ,2= 0;/ 2,H4-8:1:= 4/ 12+,0.; 0-40819 :,

,2.1 G82.;-81BE8/ ,7A1-H;= 91 -,>;9408F/ :,9 01+8.19827; :, 87+-,/.1= 12< 0;7; 912 168/8:1:,2

049.4-19,2 @ 9;2 :8N9;H;2 34, +,-78.8F= 64,-;/ 1+,/12 9;2 7;:,2.;2 +-,04-2;-,2 :,974/:; ,/ 34, >8>87;2= @1 34, ,/ ,9 28H9; +121:; .4>; 94H1- 4/1 ,L+9;28F/ .,0/;9FH801=2;A-, .;:; ,/ ,9 017+; :,9 .-1/2+;-., @ :, 91 8/6;-7108F/= 34, G10, 34, 9128/.,-1008;/,2 ,/ 4/ 74/:; :;78/1:; +;- 91 87+-,/.1 -,249.,/ .1/ .-1A1I;212 @ .1/6N0897,/., :,2,2.871:12 0;7; ;04--8F 1/.,2 0;/ ;.-12 6;-712 :, .-N680; 049.4-19 0;/ 9199,H1:1 :, 91 87+-,/.1B S;/ ,9 1:>,/878,/.; :,9 A1-0; 1 >1+;-= ,9 14.;7F>89= ,9 1>8F/= 910N71-1 6;.;H-N6801 @ 08/,71.;H-N6801= 91 0;7+4.1:;-1 @ ,9 .,9M6;/;= 8/H-,217;2 ,/ 4/10;/:808F/ :, >,08/:1: 0;7+9,.17,/., /4,>1= 8/0942; 0;/ 134,99;2 7N2 19,I1:;2 :,/;2;.-;2B $1-2G199 $0!4G1/= ,/.-, ;.-;2= A420F .,;-8?1- ,2., /4,>; 74/:; 0;7; 4/1

+#,)+ -#16+#2 +,-; .,;-; ;-:,/ :, 9;2 7,:8;2 :, 0;74/80108F/ C$0!4G1/ @ U;Q,-2=WXfXDB "G;-1 2;7;2 0;/208,/.,2 :, 34,= 0;/ 91 99,H1:1 :, ,2.;2 7,:8;2 :,0;74/80108F/= 01:1 >,? 34, /;2 2,/.87;2 .,/.1:;2 1 G1A91- :, 91 19:,1 H9;A19= :,A,7;2:,A, -,0;-:1- 34, 9;2 7,:8;2 :, 0;74/80108F/ :, 71212 +-;:40,/ 0;74/8:1:,2 p28/2,/.8:; :, 94H1-p C$,@-;Q8.?= WXflDB '9 74/:; ,/ 34, G;@ >8>87;2 2, /;2 +-,2,/.1-8?F780; C&,9,4?, @ o41..1-8= WXfZD @ G12.1 ,2348?;6-M/80;= @ -,09171= +;- 4/ 91:;=/4,>12 .,;-8:4;2 @ H-4+;2= @= +;- ;.-;= 61/.128:1: @ :, 4/ 1+,.8.;>;-1? , 8/21081A9, :,9 74/:; 128N.80; +;- 912 0;212 +-;>,/8,/.,2 :, %008:,/.,B

'9 +-;+8; -,91.; :, *@,- 10,-01 :, 91 ,L.-151 @ 28/8,2.-1 168/8:1: :, 9;2 6898+8/;2 0;/ 917J2801 +;+ :, 9;2 '2.1:;2 O/8:;2 ,2 4/ -80; .,2.87;/8; :, 91 049.4-1 H9;A19 :, 9; G8+,-V-,19= +;-34, :, 19H4/1 71/,-1 912 8/.,-+-,.108;/,2 @ ,I,0408;/,2 34, G10,/ 9;2 6898+8/;2:, 912 01/08;/,2 +;+ ,2.1:;4/8:,/2,2 .8,/,/ 740G; 71@;- 1901/0, @ +;+491-8:1: ,/R898+8/12 34, ,/ 9;2 '2.1:;2 O/8:;2= @ 2;/ 740G; 7N2 68,9,2 1 9;2 ;-8H8/19,2 C99,H1/:; 1

4/ +4/.; ,/ 34, -,249.1 6-1/017,/., +,-.4-A1:;-DB O/1 /108F/ ,/.,-1 +1-,0, G1A,-1+-,/:8:; 1 G10,- 91 7


29/45

! " # $ % ! ' ' ( ) $ " ( *

+4)*"0+'"H+0"8' C+1-1 -,6,-8-2, 19 287+9, .-1/2>12178,/.; :, 91 049.4-1 :, 9;2 '2.1:;2O/8:;2D -,249.1= +;- 08,-.;= 74@ +N98:1V2, 34,:1 0;-.1V 1 91 G;-1 :, 2,- 1+9801:1 1 ,21

28.4108F/= +4,2.; 34, /; 2F9; G1@ 740G,-28;/,2 :, 01/08;/,2 :, 9;2 '2.1:;2 O/8:;2 C+;- 9; H,/,-19= :,9+121:;D= 28/; 34, 1:,7N2= +;- 24+4,2.;= ,2.N ,9 G,0G; :, 34, 9;2 ;.-;2 12+,0.;2 :, 242>8:12 /; ,2.N/ ,/ 28/0-;/"'"(&4:

'/ 9; 34, -,2+,0.1 1 9;2 '2.1:;2 O/8:;2= +;:-,-:1:,-17,/., 14:1? 19 6;-7491- 91=0;/,L8F/ ,/.-, 91 +;9,?= 0;/ %98>,- );-.G 0;7; +-;.1H;/82.1 0,/.-19B %998, );-.G @ 24 240,28F/:, 7N201-12c 91 7N201-1 :, n877@ E.,Q1-. 04A-8,/:; 91 :, n;G/ _1@/, @ M2.1 91 :,E+8-; "H/,Q= @ .;:12 ,9912 I4/.12= :, +-;/.;= 7NH8017,/.,= 7,.17;-6;2,N/:;2, ,/ 917N201-1 :,9 E@9>,2.,- E.199;/, .-84/61/., ,/ "6H1/82.N/g @ :, ,2.1 71/,-1=28749.N/,17,/., 21.826108,/:; 91 2,0-,.1 ,/>8:81 ,2.1:;4/8:,/2, :,9 87+,-819827;2;>8M.80; @ ,9 -,,2.-,/; C,2.1 >,? 0;/ 68/19 6,98?D :, 91 H4,--1 :, q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


30/45

! " # $ % ! ' ' ( ) $ " ( *

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

2,/.8:; +-;+4,2.; +;- "/:,-2;/D @ 91 8:,1 6-1/0,21 :,9 871H8/1-8; S"4+-"'+"*)T ,/.,/:8:;0;7; 4/ +1821I, 0;/2.-48:; :, 12+8-108;/,2 0;9,0.8>12= 34, /; ,2 /8 7N2 /8 7,/;2 -,1934, 912 -,+-,2,/.108;/,2 0;9,0.8>12 :, 912 34, G1A91-1 `789, &4-aG,87= 2F9; 34, 1G;-12;/ 7,:81:12 +;- ,9 0;7+9,I; +-8271 :, 9;2 7,:8;2 7128>;2 :, 0;74/80108F/ 7;:,-/;2B

!1 871H,/= 9; 871H8/1:;= ,9 871H8/1-8;c ,2.;2 2;/ .M-78/;2 34, 1+4/.1/ G1081 19H;>,-:1:,-17,/., 0-; ,/ 9;2 +-;0,2;2 049.4-19,2 H9;A19,2c 7, -,68,-; 1 91"4+-"'+0"8' 0141 12 6;-712 :,9 :,2,; @ 9124AI,.8>8:1:DB !1 871H8/108F/ 2, >;9>8F 4/ 017+; ;-H1/8?1:; :, +-N0.8012 2;0819,2= 4/16;-71 :, .-1A1I; C.1/.; ,/ ,9 2,/.8:; :, -,198?1- 4/1 .1-,1 +-;:40.8>1= .-1/26;-71:;-1=0;7; ,/ ,9 G,0G; :, 2,- 4/1 +-N0.801 049.4-197,/., ;-H1/8?1:1D= @ 4/1 6;-71 :,/,H;08108F/ ,/.-, +;2808;/,2 :, 1H,/081 C8/:8>8:4;2D @ ,2+,0.-;2 :, +;28A898:1:,2H9;A197,/., :,68/8:;2B '2., :1- -8,/:1 24,9.1 1 91 871H8/108F/ 0;/,0.1 ,9 I4,H; :,9+12.80G, C,/ 08,-.;2 ,20,/1-8;2D 0;/ ,9 .,--;- @ 91 0;,-08F/ +-;>,/8,/., :, 9;2 '2.1:;2 @242 0;7+,.8:;-,2B "G;-1= 91 871H8/108F/ ,2 0,/.-19 1 .;:12 912 6;-712 :, 1H,/081= ,2 4/G,0G; 2;0819 ,/ 2< 7827; @ ,2 ,9 0;7+;/,/., 64/:17,/.19 :,9 /4,>; ;-:,/ H9;A19B E8/,7A1-H;= +1-1 34, ,2.1 +-;+;2808F/ .,/H1 19HJ/ 28H/86801:;= +-87,-; :,A,7;2 G10,-19H4/12 0;/28:,-108;/,2 +-,>812 -,2+,0.; 1 ;.-;2 124/.;2B

U141-)')"H+0"8' $ 5)()*1-)')"H+0"8'

+( ,-)."%*)() /.01-")()( +3


31/45

! " # $ % ! ' ' ( ) $ " ( *

'9 +-;A9,71 0,/.-19 :, 912 8/.,-1008;/,2 H9;A19,2 ,/ 91 10.4198:1: ,2 91 .,/28F/ ,/.-, 91G;7;H,/8?108F/ @ 91 G,.,-;H,/,8?108F/ 049.4-19B E, +;:-;01- .;:; 4/ >12.; 0;/I4/.;

:, G,0G;2 ,7+;- :, 91 G;7;H,/,8?108F/= @=:, G,0G;= ,2., 0178/; 24,9, 2,- -,0;--8:;= 2;A-, .;:;= +;- 912 68912 :, 8?348,-:1 :,9017+; :, 9;2 ,2.4:8;2 :, 9;2 7,:8;2 7128>;2 :, 0;74/80108F/ CE0G899,-= WXZYg $1..,91-.=WXf]= P17,98/a= WXf]D= 14/34, .17A8M/ :,2:, ;.-12 +,-2+,0.8>12 Co1/2= WXflg *@,-=WXffDB S128 28,7+-,= ,9 1-H47,/.; 10,-01 :, 91 0-,08,/., G;7;H,/,8?108F/ 049.4-19+-;/.; :,-8>1 ; A8,/ G1081 4/ 1-H47,/.; 10,-01 :, 91 0-,08,/., ,L+1/28F/ :, 91 049.4-1,2.1:;4/8:,/2,]; A8,/ G1081 91 .-1/26;-7108F/ :, 91 049.4-1 ,/ 7,-01/019, .1/.; +1-1 9;2 ,2.89;2 7428019,2 ;0;/2.-40.8>;2 0;7; +1-1 91 08,/081= ,9 .,--;-827;= 9;2 ,2+,0.N049;2 ; 912 0;/2.8.408;/,2B

!1 :8/N7801 :, ,2.1 109871.108F/ 1+,/12 G1 0;7,/?1:; 1 2,- ;AI,.; :, ,L+9;-108F/282.,7N.801 CK1-A,-= WXfZg P1//,-?= WXfZ @ WXfXg R,9:= WXffg *>@= WXffg )80;99= WXfXgb;2G87;.;= WXfXD @= +;- 08,-.;= G1@ 740G; 7N2 +;- G10,-B U,-; >19, 91 +,/1 :,2.101- 34,+1-1 91 H,/., :, *-81/ n1@1 +4,:, 34, 91 "',1')."+'"H+0"8' 2,1 740G; 7N2 +-,;04+1/.,34, 91 ,L+1/28F/ :, 91 049.4-1 ,2.1:;4/8:,/2, V+4)*"0+'"H+("1'W: !; 7827; +;:-12 1 91,L+1/28F/ :, 91 049.4-1 ,2.1:;4/8:,/2, +;:-,/.1-8; 8/6;-7, ; 1-A8.-1-8;c ,/ 912 ,2.-40.4-12 +;9;9>,-M 7N21:,91/.,B U;- ,9 7;7,/.; 7, 8/.,-,21 G10,- /;.1- 34, 91 287+98680108F/ :, 912 :82.8/.1264,-?12 34, A4201/ ;+,-1- 4/1 G;7;H,/,8?108F/= 12< 0;7; ,9 78,:; 1 91G;7;H,/,8?108F/= +4,:, 2,- ,L+9;.1:1 +;- 9;2 '2.1:;2V/108F/ 0;/ -,2+,0.; 1 242 +-;+81278/;-1 ,0;/;7


32/45

! " # $ % ! ' ' ( ) $ " ( *

,0;/;7,- 0;/ 08,-.12 :829;0108;/,2 64/:17,/.19,2 ,/.-, 91,0;/;7878,/.;2 0;/.,/8:;2 ,/ 91 /108F/ C@1 2,1/ :, 8>,/ @ 0;/6;-71/ 6;-7108;/,2 71@;-,2= ,/ +1-., 0;7; -,249.1:; :, 24 +-;+818/.,-+-,.108F/ @ 2,/.8:; :, 9; 34, ,2.;2 +1821I,2 .8,/,/ +1-1 ;6-,0,-B

'2.;2 +1821I,2 >8,/,/ 1 2,- 19H; 12< 0;7; 9;2 A9;34,2 ,9,7,/.19,2 C:, 9;2 I4,H;2 :,1-71- 8/61/.89,2D 0;/ 9;2 34, 2, 0;/2.-4@,/ 9; 34, 1 7< 7, H42.1-; ,/.-171:; :,9 7;>878,/.; G471/;= ,/ 91 7,:8:1 ,/ 34, 01:1 >,?

4 $-5 6, 25. I4*-0*I52,. ,^0,I0*/-,. ,. ;4,64*0 #5+,./-E 01Q/ 34585\/ 50,405 6, 25 4,250*:- ,-34, ,205I*352*.+/ 3546M/ Q 25 0123145 I/.+/6,4-5 O5 *-.I*456/ ,.3, 2*84/ 6, +10O5. +5-,45.U A2 6,853, ,-34, ;4,64*0#5+,./- Q !*\59 !O+56 I182*056/ ,- 25 4,P*.35 H5F:GE %>K@L .*- ,+8547/E I41,85 a1, 25 I4/6100*:- 6, 1- 4,253/+54^*.35 72/852*95-3, ,- +53,4*5 01231452 ,. 1- 3,44,-/E ,- ,R,03/E 85.35-3, 6*RM0*2 Q I4/82,+`3*0/ h#5+,./-EFGVHW !O+56E FGV]iU S* I4/I*/ ,.R1,49/E ,- 352 0/-3,^3/E ,. *-*0*54 1-5 4,,.34103145 6,2 4,253/ +54^*.35h.,J525-6/ 5a1,225. I543,. a1, -/ R1,4/- 503152*9565. 5.M 0/+/ .1. .*2,-0*/. Q 6*.0/-3*-1*656,.i 51- 52 0/.3/6, a1, 5 +10O/. +54 *.35. 2,. I1,65 I54,0,4 6,3,.3582,U (*0O5 4,,.34103145 6,8, ,P*354 ,2 I,2*74/ 6,O/+/7,-,*954 Q I4,3,-6,4 8/4454 25. 6*R,4,-0*5. 6,-34/ 6,2 225+56/ B,40,4 S1-6/E I5.5-6/ I/4 523/ 2/.

4,R,4,-3,. ./0*52,. 0/-04,3/. h5 2/ a1, I54,0,- *-02*-54., +10O/. I/.+/6,4-*.35. R45-0,.,.iE Q 6, a1,4,4+5-3,-,4 25 513/4*656 -54453*P5 6, 25 3456*0*:- +54^*.35 I4,.35-6/ +5Q/4 53,-0*:- 52 3,+5 6, 25 R457+,-350*:-72/852E 25 6*R,4,-0*50*:- Q 25 *-0,43*61+84,U

l


33/45

! " # $ % ! ' ' ( ) $ " ( *

7N2 +,-2;/12 @ H-4+;2 .8,/,/ 34, ,/6-,/.1-2, 1 91 -,198:1: :, .,/,- 34, 74:1-2, :,+1"'+'0")*12 ,/ 91 7,:8:1 ,/34, 91 :82+;2808F/ :,9 01+8.19 H9;A19 0;/6;-71 10.4197,/., 4/ +1821I, 740G; 7N2782.,-8;2;= -N+8:; @ 19 34, ,2 :8619;-,2 @ 912 ,2+,049108;/,2 7,-01/.89,2 74,>,/ H8H1/.,201224712 :, :8/,-; 1 .-1>M2 :, 9;2 .;-/834,.,2 /108;/19,2 1 >,9;08:1:,2 ,/0,H4,0,:;-12=0;/ >12.12 @ 1A2;94.12 87+980108;/,2= @ .;:; +;- +,34,5


34/45

! " # $ % ! ' ' ( ) $ " ( *

.8,7+; ,/ 34, 01:1 4/; :, ,2.;2 7827;2 +1821I,2 64/08;/1 0;7; 0;/:808;/1/., @+1-N7,.-; +1-1 7;>,-2, ,/ 9;2 ;.-;2 :;2B U;- ,2.;= 14/ 4/ 7;:,9; ,9,7,/.19 :, 91

,0;/;7828F/= ,9 08/, @ 9;2 012,.,2D ,2 34, +-;>,,/ 4/H8H1/.,20; @ 0;7+9,I; -,+,-.;-8; :, 87NH,/,2= /1--108;/,2 @ +1821I,2 M./80;2 1,2+,0.1:;-,2 :, .;:; ,9 74/:;= :;/:, ,9 74/:; :, 912 7,-01/08:12p C!1a;66 @ n;G/2;/= WXf[D ,/ 91 7,:8:1 ,/ 34, 134M99121@4:1/ 1 91 H,/., 1 0;/2.-48- /1--108;/,2 10,-01 :,9 %.-; 12< 0;7; +-;.;/1--108;/,2 :,>8:12 +;28A9,2= 61/.12,-.8-2, ,/ ,9 +-;9,HF7,/; :, 24 :,2,;+;- 1:348-8-912= ; :, 74:1-2, @ 017A81- :, >8:1B

!;2


35/45


36/45

! " # $ % ! ' ' ( ) $ " ( *

0;-1?F/ @ 7;.;- :, 78 7;:,9; :, 694I;2 049.4-19,2 H9;A19,2= /,0,28.1 4/1 71@;-,L+980108F/B U-87,-;= 982 +,-2;/12= 91 71348/1-81= ,9 :8/,-;= 912 87NH,/,2 @ 912 8:,12

08-0491/ ,/ 91 10.4198:1: +;- 01/19,2 01:1 >,? 7,/;2 82;7F-680;2B U;- 24+4,2.; 34, ,/.;:;2 9;2 +,-,9;08:1:= 91 ,20191 @ ,9 >;947,/ :, 01:1 4/; :, ,2.;2694I;2 2;/ ,/ 91 10.4198:1: .1/ ,/;-7,2 34, 912 :829;0108;/,2 +121-;/ 1 2,- 0,/.-19,2 ,/91 +;9;2 @ G;2+8.191-8;2:, 912 8:,12 34, >8,/,/ :, 164,-1 @ 2;/ ,2.,-,;.8+1:;2 0;7; 74@ 8/098/1:;2 1 ,L+;-.1-C:, .;:;D , 87+;-.1- C19H4/12D 0;212= @= 28/ ,7A1-H;= 2;/ 617;2;2 +;- 2,-,L.-,71:17,/., 0,--1:;2 1 91 8/78H-108F/= 9; 7827; 34, 9;2 248?;2= 9;2 24,0;2 ; 9;2N-1A,2 214:8.12B U;- ;.-; 91:;= 9;2 248?;2 @ 9;2 N-1A,2 214:8.12 24,9,/ 10,+.1-0;/.8/H,/.,2 :, .-1A1I1:;-,2 8/>8.1:;2= 9; 34, :1 94H1- 19 24-H878,/.; :, :8N2+;-12 :,.-1A1I1:;-,2 .4-0;2= 8.1981/;2 @ :, ;.-;2 H-4+;2 :, 91 04,/01 :,9 $,:8.,--N/,;B "9H4/;2:, ,2.;2 H-4+;2 :, .-1A1I1:;-,2 8/>8.1:;2 71/.8,/,/ 4/ 0;/.10.; 0;/.8/41:; 0;/ 242

+1


37/45

! " # $ % ! ' ' ( ) $ " ( *

+121-2, 4/12 1 ;.-12B '/ 91 A-8991/., +,9,?=1987,/.1/ 91 8:,1 :, 91 24+4,2.1 98H,-,?1 @ 619.1 :, 7;-19 :, 912 74I,-,2 ;008:,/.19,2 @,L.-1/I,-12= 19 .8,7+; 34, +-,2,/.1/ 4/1 0;1-.1:1 +,-6,0.1 +1-1 91 01--,-1 +-;6,28;/19 :,,2.12 74I,-,2 8/:812B "9H4/12 :, ,2.12 74I,-,2 >8,/,/ :, ^1-191= :;/:, 9;2 01A1-,.2 @ 918/:42.-81 :,9 08/, +;-/;H-N680; 2;/ 4/ /,H;08; 69;-,08,/.,= ,/ /; +;01 7,:8:1= 0;7;-,249.1:; :, 9;2 H42.;2 @ ,9 A;92899; :, 9;2 a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fig P1/:9,-= WXffg $0d4,,/= WXffDB

"341/ ,2.; 1 01A; 7,:81/., 4/ 0;/.-;9 .1L;/F780;2;A-, 912 :86,-,/0812= 0-,1/:; :8>,-2;2 .8+;2 :, ,2+,0.N049;2 8/.,-/108;/19,2 +1-1:;7,2.801- 912 :86,-,/0812 @ 2,:408,/:; 1 9;2 H-4+;2 +,34,5;2 0;/ 91 61/.12


38/45

! " # $ % ! ' ' ( ) $ " ( *

34, 0;/,0.1 17A;2 .M-78/;2 ,2 01:1 >,? 7,/;2 4/ ,? 7N24/; :, :829;0108F/ @ 2,+1-108F/B '2.1 -,9108F/ :829;01:1 ,/.-, /108F/ @ '2.1:; .8,/, :;2

+91/;2c ,/ ,9 /8>,9 :, 0419348,- '2.1:;V/108F/ :1:;= 28H/86801 34, ,L82., 4/1 A1.1991 :, 91871H8/108F/= :;/:, '2.1:; @ /108F/ +,-28H4,/ 0;7,-2, 4/; 19 ;.-;B `2.1 ,2 91 A12, :,9;2 A-4.19,2 2,+1-1.827;2 @ 7;>878,/.;2 :, 71@;-;9>8,-;/ +-;@,0.;2 +;98:1 -,+-,2,/.1:;2 ,/ ,9 08/, @ ,/ 91.,9,>828F/ /108;/19 , 8/.,-/108;/19 ,-;28;/1/= :,2,2.1A898?1/ @ :,2A;-:1/ +;- 0;7+9,.; 91-,.F-801 :, 91 +;9878,/.; .-1/2/108;/19 :, 912 1-.,2 71-0819,2= +1-.80491-7,/., ,/ "281= .19 04192;/ 7,:81:12 +;- 912 8/:42.-812 08/,71.;H-N68012 :, P;99@Q;;: @ P;/H ^;/H CT1-8998=

WXXlD ,2 4/1 -801 8942.-108F/ :, 9;2 7;:;2 ,/ 34, 1-.,2 71-0819,2 :, 91-H1 .-1:808F/=-,6;-7491:12 +1-1 21.82610,- 912 61/.12,/,2 :,9 +-,2,/.,C740G12 >,0,2 947+,/8?1:12D= :1/ 94H1- 1 /4,>12 049.4-12 :, 91 7120498/8:1: @ :, 91

+( ,-)."%*)() /.01-")()( +0


39/45

! " # $ % ! ' ' ( ) $ " ( *

>8;9,/081= 34, 1 24 >,? 2;/ ,9 0;7A42.8A9, :, 91 0-,08,/., >8;9,/081 ,/ 91 +;98:1: +;980819 @ 7898.1- ,/ H,/,-19= 2;/ 4/1 2,519 :, 34, 912 1+1-,/.,7,/., 287+9,24/86;-78:1:,2 .M0/8012 24,9,/ ,20;/:,- 4/ 0;/I4/.; 0-,08,/.,7,/., 0;7+9,I; :,08-048.;2 @ -,0;--8:;2 34, 0;/,0.1/ 912 87NH,/,2 :, >8;9,/081 0;/ 912 12+8-108;/,2 +;-0;/2.-48- 4/1 0;74/8:1: ,/ 19HJ/ 74/:; 871H8/1:;B

q;9>8,/:; 1 91 04,2.8F/ :, 9;2 +1821I,2 M./80;2 :, 9;2 34, +1-.,/ @ 2, 74:1/= 2,71/.8,/,/ >8/0491:;2 4/;2 0;/ ;.-;2 1 .-1>M2 :, 2;682.801:12 01+108:1:,2 7,:8N.8012BS;/ ,2.; /; 348,-; /,H1- 34, ,2.12 04,2.8;/,2 +-87;-:819,2 2,1/ 740G12 >,0,2287+9,7,/., +-;:40.; :, .-1:808;/,2 8/>,/.1:12 CP;A2A1Q7 @ (1/H,-= WXf]D= ;16898108;/,2 -,.-;2+,0.8>12= 28/; ,/61.8?1- 34,= :,A8:; 1 4/1 8/.,-1008F/ 8/,2.1A9, @:829;01:1 ,/.-, ,9 0;7,-08;= 9;2 7,:8;2 :, 0;74/80108F/= 912 +;9M2 :, 912 -1I1:4-12 :, 9;2 '2.1:;2@ 912 6-;/.,-12B

U,-; 91 -,9108F/ ,/.-, ,9 +91/; ,0;/F780; @ ,9 049.4-19 :, ,2.1 /4,>1 ,20,/;H-16,0,2 ,L+9;.1:;D :,9 6,.80G827; :, 91 7,-01/0; 0;7+4,2.; +;- 740G;2 24A282.,712 0;7+9,I;2D +;- :;2:,20,/:8,/.,2 34, 2, 0;7+9,7,/.1/ @ 1+;@1/ 74.417,/.,B "9 +-87,-; :, ,99;2 9, 9917;,9 6,.80G827; :, 91 +-;:4008F/ @ 19 2,H4/:;= ,9 6,.80G827; :,9 0;/2478:;-B

U;- ,9 >)("05".41 ,) #+


40/45

! " # $ % ! ' ' ( ) $ " ( *

.-1/2/108;/19,2B !1 9;0198:1: C.1/.; ,/ ,9 2,/.8:; :, 6NA-801 9;019 ; 94H1- :, +-;:4008F/0;7; ,/ ,9 2,/.8:; 7N2 17+98; :,9 '2.1:;V/108F/D 2, .;-/1 4/ 6,.80G, 34, ,/04A-, @

:,268H4-1 912 64,-?12 :82+,-212 +;- .;:; ,9 H9;A;= 34, 2;/ 912 34,= ,/ -,198:1:= :8/178?1/91 +-;:4008F/B '2.; H,/,-1 198,/108F/ C,/ ,9 7827; 2,/.8:; +-;+4,2.; +;- $1-LD +,-; ,/4/ H-1:; :;A9,7,/., 8/.,/286801:;= +4,2.; 34, 24 28H/86801:; 2;0819 2, 0;7+;/, :, 4/10;7+9801:1 :8/N7801 ,2+10819 34, ,2 0-,08,/.,7,/., H9;A19B

'/ 041/.; 19 >)("05".41 ,)# 01'.&4",1*2 0;/ ,2.1 ,L+-,28F/ 348,-; 2,5191- 34, ,90;/2478:;- 64, .-1/26;-71:;= +;- ;A-1 :, 9;2 694I;2 :, 7,-01/082., 91 >,-:1:,-1 +;2808F/ :, 1H,/081= 34, /; ,2 91 :,9 0;/2478:;-28/; 91 :,9 +-;:40.;- @ 912 :8>,-212 64,-?12 34, 0;/6;-71/ 91 +-;:4008F/B !1 +4A9808:1:H9;A19 ,2 91 .,0/;9;H, +1-1 91 :82,78/108F/ 74/:819 :, 4/1 +9M.;-1 :, 8:,12= 74@

0-,1.8>12 @ 74@ A8,/ ,20;H8:12 ,/ .M-78/;2 049.4-19,2= 10,-01 :, 91 1H,/081 :,9 0;/247;B'2.12 87NH,/,2 :, 1H,/081 -,249.1/ 2,-= 01:1 >,? 7N2= 24.89,2 :82.;-28;/,2 :, 4/ 74/:;:,9 0;7,-08; :, 7,-01/01-8,:1: :, 8/2.-47,/.;2 :, G;7;H,/,8?108F/ C1-717,/.;2=.M0/8012 +4A9808.1-812= G,H,7;/4,9.12= 0;7; ,/ ,9 012; :,9 2; ,2.N ,/ 91 ,L+1/28F/ :, 740G;2 G;-8?;/.,2 :, ,2+,-1/?1 @61/.128:4;2g ,/ 91 :86428F/ H9;A19 :, 91 .,-1+81 :, -,G8:-1.108F/ +;- >, :, E4:N6-801= 6-,/., 1 91 64,-?1 :, 91 ;+8/8F/ H9;A19g,/ 91 8/01+108:1: :,9 '2.1:; +;910; :, -,+-878- 1 242 +-;+812 0912,2 .-1A1I1:;-12 @ ,/ ,90-,0878,/.; :, 4/ 17+98; ,2+,0.-; :, 1981/?12 .-1/2/108;/19,2 +-;H-,282.12B b +;:-


41/45

! " # $ % ! ' ' ( ) $ " ( *

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

IF>,/,2= 1 -1


42/45

! " # $ % ! ' ' ( ) $ " ( *

01:1 >,? 7N2 4/ .,--8.;-8; :,/.-; :,9 0419 -,198?1- 4/1 2,-8, :, ;+08;/,2= I42.8680108;/,2 @-,+-,2,/.108;/,2= ,2.12 J9.8712= 2;A-, .;:;= :8-8H8:12 G1081 14:8,/0812 7J9.8+9,2 @

,2+108197,/., :829;01:12B!1 .1-,1 :, 91 -,+-;:4008F/ 049.4-19= 8/0942; ,/ 9;2 N7A8.;2 7N2 ,0,22, ,/04,/.-1 6-10.4-1:;B '/ /8>,9,2 7N2 17+98;2= 0;7; 91 0;74/8:1:= ,9 A1--8; ; ,9.,--8.;-8;= ,2.1 +;98.8?108F/= +;- 9; H,/,-19= +121 1 2,- ,9 0;7A42.8A9, ,7;08;/19 34, 24,9,1987,/.1- +;91 1-,/1 +1-1 91 6;-7108F/ :, 91 8:,/.8:1:2,L419 @ :, 91 +;912 +-,28;/,2 ,/ ,9 .-1A1I; @ 1 /4,>12 61/.12; ;-:,/ H9;A19= /8 ,9 .-1A1I; /8 ,9 .8,7+; 98A-, /8 91-,0-,108F/ +,-:8,-;/ 24 0198:1: 2,L41:1= 28/; 34, 1:,7N2 1:348-8,-;/ -,+-,2,/.108;/,2

6,.80G8?1:12 01:1 >,? 7N2 24.89,2= ,9 G;/;- :, 91 74I,- +12F 1 2,-= .17A8M/ 01:1 >,?7N2= 4/ 242.8.4.; :, 91 8:,/.8:1: :, 912 0;74/8:1:,2 :, G;7A-,2 ,/ 0;/6980.;g 78,/.-12.1/.;= 242 74I,-,2= ,/ -,198:1:= .8,/,/ 34, 98:81- 0;/ 0;/:808;/,2 :, .-1A1I; 01:1 >,?

+( ,-)."%*)() /.01-")()( ,!


43/45

! " # $ % ! ' ' ( ) $ " ( *

7N2 :4-12= .1/.; ,/ 91 0121 0;7; ,/ 242 ;.-;2 94H1-,2 :, .-1A1I;B '/ -,247,/= 9120;74/8:1:,2 :,2.,--8.;-8198?1:12 @ 912 +;A9108;/,2 :,2+91?1:12= 19 71-H,/ :, 04N/.;

+4,:1/ :826-4.1- :, 9;2 A,/,6808;2 :, 242 /4,>;2 8/H-,2;2 ; :, 912 /4,>12 :82+;2808;/,2:, 01+8.19 @ .,0/;9;H1*4+0"1').0(&*+#). -#16+#).

!12 :,98A,-108;/,2 ,/ .;-/; 1 9;2 1-H47,/.;2 34, 2, 1:,91/.1-;/ ,/ ,2., .-1A1I;0;/2.8.4@,/ ,9 ,234,9,.; :, 4/ 10,-0178,/.; 1 4/1 .,;-M2 :, 9;2 0419,2 08-0491/ 9;2 71.,-819,2 049.4-19,2= 1.-1>,21/:; 912 6-;/.,-12/108;/19,2B \17A8M/ A4234M :1- ,I,7+9;2 :,9 7;:; ,/ 34, ,2.;2 :82.8/.;2 .8+;2 :, 694I;C; +1821I,2= :,+,/:8,/:; :, 91 +,-2+,0.8>1 ,2.1A898?1:;-1 34, 87+9801 +;2808;/1-2, ,/ 4/

74/:; 871H8/1:; :1:;D 2, ,/04,/.-1/ ,/ 4/1 28.4108F/ :, :829;0108F/ 64/:17,/.19-,2+,0.; 1 01:1 4/; :, 9;2 ;.-;2B jd4M ;.-;2 +12;2 :,A,7;2 :1- +1-1 +;:,- 99,H1- 1 4/1.,;-


44/45


45/45

! " # $ % ! ' ' ( ) $ " ( *

01;2 049.4-19= G12.1 ,9 7;7,/.;= .;:1>,99;08/; :, ;-; :, 08,-.1 0912, :, 08,/0812 2;0819,2B !; 34, 2< +-,.,/:< ;6-,0,-,/ ,2., 01+;01A491-8; .M0/80; -1?;/1A9,7,/., ,0;/F780; @ 4/ 7;:,9;-4:87,/.1-8; :, 694I;2 :829;01:;2= 1 +1-.8- :, 9;2 0419,2 +;:17;2 G10,- 4/ 1/N98282 H9;A197,:81/17,/., :,0,/.,B E8/ 4/ 1/N98282 :, ,2., .8+; 2,-N 74@ :86

Appadurai Arjun Modernizacion

Documents

Transcript of Appadurai Arjun Modernizacion