35(6(17$56, 8QLWj

 4XDOqLO6XRQRPH"

 *LQR*HPLQLDQL

 4XDOqOD6XDSURIHVVLRQH"

 6RQRPHFFDQLFR

 'DTXDQGRqLQ5RPDQLD"

 'DXQDDQQR

 TXLFRQODIDPLJOLD"

 1R0LDPRJOLHqDQFRUDLQ,WDOLD

 *UD]LHVLJQRU*HPLDQLQL

 /HLGLGRYHVLJQRUD"

 6RQRGL5HJJLR&DODEULD

 &RPHVLFKLDPD"

 *LDQQD%RUJKHVLFDVDOLQJD

 TXLD5RPDGDPROWRWHPSR"

 1R6RQRTXLFRQLEDPELQLVRORGDXQPHVH

 (VXRPDULWR"

 /XLqLQ*HUPDQLDGDGXHDQQL

 0LOOHJUD]LHVLJQRUD

LQ vQLQ5RPDQLD

LQ,WDOLD

ODD5RPD

*LQR*HPLDQLQLPHFFDQLFR

*LDQQD%RUJKHVLFDVDOLQJD

*LXOLD6DQWDQJHORVWXGHQWHVVD

6HUJLR*DJOLDUGLJHODWDLR

 (/HLVLJQRULQDGDTXDQWRWHPSRqLQ,WDOLD"

 'DVHPSUH6RQRQDWDLQ,WDOLDPDPLRSDGUHHPLDPDGUHVRQRGL*LDUUHSURYLQFLDGL&DWDQLD

 QDWDD5RPD"

 1RD0LODQR0DGDXQDVHWWLPDQDVRQRTXLSHUVWXGLDUHOLQJXH

 0ROWHJUD]LHVLJQRULQD

 $QFKH/HLqLQ5RPDQLDFRQODIDPLJOLD"

 1RODPLDIDPLJOLDqLQ,WDOLDD/RQJDURQH

 TXLSHUODYRUR"

 6uPDVRORSHUDOFXQLPHVL

 (FRPHPDL"

 6RQRJHODWDLRVRQRVHLPHVLTXLHVHLPHVLLQ,WDOLD

 3DUODURPHQR"

 6RORXQSRFR

XQDQQR GXHDQQL RL

XQPHVH GXHPHVL HL

XQDVHWWLPDQD GXHVHWWLPDQH DH

 LOPLRQRPH QXPHOHPHX

LOWXRQRPH QXPHOHW X

LOVXRQRPH QXPHOHV X

LO6XRQRPH QXPHOHGXPQHDYRDVWU

LOVLJQRU=DFFKLqLWDOLDQR $GMHFWLYXOVHDFRUG vQJHQLQXP UFX

ODVLJQRUD=DFFKLqLWDOLDQD VXEVWDQWLYXOvQVR LW$GMHFWLYXOvQHHVWH

LOVLJQRU'XSRQWqIUDQFHVH LQYDULDELOvQJHQODVLQJXODU

ODVLJQRUD'XSRQWqIUDQFHVH

ODPLDSURIHVVLRQHLOPLRQRPH SHUz PLDPRJOLHPLRPDULWR

ODPLDIDPLJOLD PLDPDGUHPLRSDGUH

ODWXDSURIHVVLRQHLOWXRQRPH WXDPRJOLHWXRPDULWR

ODWXDIDPLJOLD

ODVXDSURIHVVLRQHLOVXRQRPH VXDPRJOLHVXRPDULWR

ODVXDIDPLJOLD

OD6XDSURIHVVLRQHLO6XRQRPH 6XDPRJOLH6XRPDULWR

OD6XDIDPLJOLD

0LFKLDPR*LXVHSSH%HQLJQLVRQRGL&DWDQLDHGDDOFXQLDQQLLQVHJQRTXLD%XFDUHVWLQXQD

VFXROD SHU UDJD]]L LWDOLDQL 6RQR TXL FRQ PLD PRJOLH &DWDULQD PLR ILJOLR 0LFKHOH H PLD ILJOLD

0DUJKHULWD 0LFKHOH H 0DUJKHULWD VRQR QDWL TXL &RVu PLD PRJOLH FKH q DQFKH OHL LQVHJQDQWH

DGHVVRqDFDVDSHUFKpLEDPELQLVRQRDQFRUDSLFFROL

&2081,&$5( 
4XDOq ODWXD SURIHVVLRQH" 6RQR PHFFDQLFR

OD6XD PHGLFR

ODVXD FDVDOLQJD

LQVHJQDQWH

PDHVWURD

LPSLHJDWRD

VHJUHWDULRD

RSHUDLRD

SHQVLRQDWRD

VWXGHQWHHVVD

GRWWRUHHVVD

SURIHVVRUHHVVD

'DTXDQWRWHPSR VHL TXL 6RQR TXL GD PROWR WHPSR

'DTXDQGR q LQ LQ SRFR

D D XQ PHVH

DQQR

XQD VHWWLPDQD

PROWL DQQL

SRFKL PHVL

DOFXQL JLRUQL

GXH

PROWH VHWWLPDQH

SRFKH

DOFXQH

VHL


 %XRQJLRUQRVLJQRUH/HLqTXLLQYDFDQ]DFRQODIDPLJOLDYHUR"

 6uVLDPRWXWWLTXLD1HWWXQRDOODSHQVLRQH'RULD

 'DTXDQWRWHPSR"

 'DTXDWWURJLRUQL"

 1RQVLHWHLWDOLDQLYHUR"

 6uVuVLDPRLWDOLDQL

 4XDOqLO6XRQRPH"

 6DOYDWRUH0DUFROLQL

 'LGRYq"

 6RQRQDWRHDELWRD3DGRYDPDODYRURD*RUJRQ]ROD

 7DQWHJUD]LHVLJQRU0DUFROLQLHEXRQHYDFDQ]H

 3UHJRHDUULYHGHUFL

SDUODUH ODYRUDUH VWXGLDUH DELWDUH

LR SDUOR ODYRUR VWXGLR DELWR

WX SDUOL ODYRUL VWXGL DELWL

OXL

SDUOD ODYRUD VWXGLD DELWD

OHL

/HL SDUOD ODYRUD VWXGLD DELWD

HVVHUH

QRL VLDPR

YRL VLHWH

ORUR VRQR

&2081,&$5( 
(WX GRYH DELWL $ELWR D 0LODQR

/HL DELWD 5RPD

ODYRUL /DYRUR DOOD 9RONVZDJHQ%$6)),$7

ODYRUD SHQVLRQHVFXRODLWDOLDQD

VWXGL 6WXGLR LQ ,WDOLD*HUPDQLD

VWXGLD D )LUHQ]H%RQQ

&2*120,,7$/,$1,

, FRJQRPL SL IUHTXHQWL LQ *HUPDQLD VRQR 0OOHU R 6FKPLGW LQ )UDQFLD 'XSRQW LQ

,QJKLOWHUUD6PLWKHLQ,WDOLD"

,QXQDVWDWLVWLFDPROWRLQWHUHVVDQWHLO3URIHVRU ('H)HOLFH8QLYHUVLWjGLQ*HQRYDRVVHUYD

FKHLOFRJQRPHSLIUHTXHQWHLQWXWWD,WDOLDq5RVVLFRQYDULDQWLUHJLRQDOL5XVVR/RUXVVR5XVVLDQ

5RVVLHOOR5RVVLQL5XJJLXHPROWLDOWUL

,O3URIHVRU'H)HOLFHSUHVHQWDDQFKHOHOLVWHGLIUHTXHQ]DUHJLRQHSHUUHJLRQHHFLWWjSHUFLWWj

(FFRSHUHVHPSLRDOFXQLGDWLSHUDOFXQHFLWWj

1RUG

D7RULQR)HUUHUR5RVVL*DOOR%LDQFR

D0LODQR5RVVL&RORPER)HUUDUL%LDQFKL%UDPELOOD

D%ROQD]R)HUUDUL0DLU5RVVL3LFKOHU
D9HQH]LD9LDQHOOR6FDUSD5RVVL

D7ULHVWH)XUOjQ)RQGD'HJUDVVL)HUOXJD

D*HQRYD3DURGL5RVVL7UDYHUVR

&HQWUR

D%RORJQD5RVVL9HQWXUL0RQWDQDUL

D)LUHQ]H5RVVL,QQRFHQWL%LDQFKL&RQWL

D5RPD5RVVL0DQFLQL5LFFL'H$QJHOLV

6XG

D1DSROL(VSRVLWR5XVVR5RPDQR'H/XFD

D%DUL/RUXVVR&DVVDQR5DQLHUL0LOHOOD

D3DOHUPR0HVVLQD5XVVR5RPDQR*DPELQR

D&DJOLDUL6DQQD0HOLV6HUUD/RL

('H)HOLFH,FRJQRPLLWDOLDQL,O0XOLQR%RORJQD

/LWDOLDQRVLSDUOD

1DWXUODPHQWH LQ ,WDOLD PD DQFKH LQ 7LFLQR LQ 6YL]]HUD LQ ,VWULD LQ -XJRVODYLD H D 0DOWD

GRYHHVLVWRQRFRPXQLWjLWDOLDQH

( SRL LQ WXWWL L SDHVL GL HPLJUD]LRQH LQ $PHULFD LQ $UJHQWLQD LQ %UDVLOH LQ 6YL]]HUD LQ

)UDQFLDLQ%HOJLRLQ2ODQGDHLQ*HUPDQLD