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O9DC=JK - MN?HC;H=IH@?>?L;=S
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L@=KL=FA9F L_fcaciomJl[]nc]_m -3 F[hao[a_m 11
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BCMNILS 2 Jlij_lns .* Mi]c[fMnlo]nol_ 12
=f[h@l[fc_` 3 G[llc[a_[h^@[gcfs .+ P[fo_m 12
=f[hEo^_[b 3 Ila[hct_^=lcg_ .+ F[q[h^Domnc]_ 13
=f[hGcafo^ 3 LOF?MCH@ILG;NCIH ., Hihbog[hm 13
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>CJFIG;=S ++ Mn_hc[h?kocjg_hn .0 LOF?MCH@ILG;NCIH 2,
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@;=NCIHM +2 ?P?LS<I>SEHIQM((( /- H_qMj_ffmi`nb_F_acih 23
Nb_Gcfcn[ls +3 BCMNILS /. M?=L?NM 3+
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L[heChmcahc[m ,+ G;AC= /0 Nb_D[d[hs[ 3,
<l[h]b_mi`nb_Gcfcn[ls ,+ >CJFIG;=S /1
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Mj_]c[fct[ncihm ,0 Nb_=l[n_li`Pcm[a_m /3 >CJFIG;=S 31
@iffiq_lmi`>inl[e[h^nb_Aocf^ ,0 GcmnP[ff_sm /3 A?IAL;JBS 31
Aocf^b[ffm[h^Qilembijm ,1 @;=NCIHM /3 @;=NCIHM 31
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Mn[nm -, @il_mn_l 01 HilnbMn[l=f[h ++,
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nb_ h_q `[]_ i` nb_ >l[aihG_]b qilf^( @il qb_hbcm_ilnm[nnl[]n_^nb_fis[fnsi`m]i' Clihniinb=f[hmf[]e[]cns'g_]b"nbioabih_
nb_ ×lmn ncg_& cn n[e_m [ ^_n[cf_^ fiie [n nb_ f[qm [h^ ]lcgch[fm( Hiq nb_ Clihniinb =f[hm i` nb_cl ]f[hm cm jolmocha mo]b [ jlid_]n#& mi
`iol g[dil g_]b^igm4 nb_ il^_l_^ Mn_hc[h b[p__rj[h^_^ni\_]ig_[`il]_chnb_cliqh nb_cl]b[jn_lchmn_[^`i]om_mih^_n[cfmi`nb_
=ih`_^_l[]s& nb_ _rj[hmcihcmn F_acih& nb_ lcabn( Ch^cpc^o[ffs& nb_ =f[h g_g\_lm [l_ nb_ ]f[hmnb_gm_fp_m&qbc]bjl_m_hn[h_[lfsfcgcn'
ohjl_^c]n[\f_Clihniinb=f[hm&[h^nb_[l][h_ gimn][j[\f_g_]bjcfinmihnb_jf[h_n(Nb_s f_mmjin_hnc[f`il[^p_hnol_(
FÎ[lcf_H[ncih( [l_[fminb_gimnp[lc_^&[mnb_Clihniinb=f[hm SioÎff×h^g_]bmchnb_m_j[a_m&i`]iolm_&
Nb_Mn_hc[h=ih`_^_l[]scmg[le_^jlcg[l' l[ha_`lig\fii^nbclmnsl[c^_lmnit_hfce_jli' [fiha qcnb ]b[l[]n_lm [h^ mj_ffm [h^ `_[nm i`
cfs \s f[q& il^_l& [h^ [ mnliha gcfcn[ls( Mig_ n_]nilm(Nb_s[l_qcf^[h^`l__ch[h_l[g[le_^ _p_ls ech^( Nbcm \iie qcff [fmi mbiq sio biq
m__ cnm cgjimcncih i` g[lnc[f f[q [m nii go]b \s ch]l_[mchafs ijjl_mmcp_ aip_lhg_hnm& [h^ j_ijf_fcp_ch_[]bg_]b^ig(Bcabjichncmhin
il^_l5 inb_lm q_f]ig_ nb_ m_]olcns cn \lcham( g[hs[Mn_hc[hilF_acih]cnct_hfiham`ilnb_ siol nsjc][f `[hn[ms qilf^( C` sio q[hn ni fcp_
?p_ls ]cnct_h i` nb_ Mn_hc[h =ih`_^_l[]s cm `l__^ig i` nb_ Clihniinb Ê [fnbioab c` nb_s [gihanb_h[ncp_m&cnb_fjmniehiqnb_clq[sm(
__]ncp_fs [h _rn_hmcih i` nb_ [lg_^ `il]_m& eh_qnb_[a_h^[i`nb_gsmn_lciomFimn=f[hi` Nb_ M_]ih^ ;a_ i` Q[fe_lm cm [ ncg_ i`
[h^hi_r[gch[ncihi`nb_=ih`_^_l[]s]iof^ nb_Clihniinb&nb_sgcabnm]onnf_\[]eninb_cl ohj[l[ff_f_^[^p_hnol_(Jf[s_lmqcff×h^[ffnb_
\_ ]igjf_n_ qcnbion [ nbilioab fiie [n cnm m_]ol_[oni]l[]c_m( g[n_lc[fnb_sh__^ni_rj_lc_h]_cnb_l_(AGm
gcfcn[ls( Nb_ ×p_ ]cns'g_]bm i` nb_ =ih`_^' FÎ[lcf_ H[ncih& nb_ f[la_mn ]ih]_hnl[ncih qcfff_[lhnb_m_]l_nmi`_[]bg_]b^ig[h^mn['
_l[]s [l_ [fmi ^_m]lc\_^& ch]fo^cha [ ^_n[cf_^ i` _fp_m& cm [ g[ac][f mi]c_ns nb[n b[m ×h[ffs ncmnc]m`ilcgjiln[hnHJ=mfce_Mb[lNbct^c][h^
fiie[n>ola[h'fie&nb_qilf^Îm×lmn]cns'g_]b( _g\l[]_^ g_]bm Ê [h^ qcnb [ p_ha_[h]_( N[hh[h( Mi mnie_ nb_ \icf_l& q_[p_ nb_ loh_m&
;fmicgjiln[hncmnb_A_[lqlcabnmAocf^&qbc]b ;`n_l nb_ _fp_h [l]bg[a_ N[hh[h qcnh_mm_^ [h^mn[lnsiolg_]b(CnÎmncg_ni_rjfil_
gcXk\)Nb_Mn_hc[h=ih`_^_l[]scm
^_×h_^\scnmgcfcn[ls(

gcXk\(Nb_mn[h^[l^l[]_m[l_q_ffl_jl_m_hn_^chnb_f[h^i`Bcabjichn(

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¡ ¢

mnliha&il^_l_^aip_lhg_hnlof_^\si\d_]ncp_
^_]cmcih'g[echa& ^_×h_^ [onbilcns& [h^ ]f_[l

L@=KL=FA9F;GF>=<=J9;Q
fch_mi`]iggohc][ncih]iof^b[p_jl_p_hn_^

+
nb_`[n_nb[n\_`_ff>o_lie(;h^nb[nÎmqb[nnb_
Mn_hc[h=ih`_^_l[]s[cgmni^i(
Nb_ Mn_hc[h =ih`_^_l[]s cm [h [ffc[h]_ i`
×p_ ]cns'g_]bm& _[]b i` qbc]b b[m [\mifon_
^igchcihip_lcnmiqhn_llcnils(Nb_]cns'g_]bm

=N=JQ:G<QCFGOK&&& ]iil^ch[n_nb_cl[]ncpcnc_mch[]ihnchocha\c^
ni\lchail^_l_^lof_lmbcjninb_mol`[]_qilf^(
?[]b ]cns'g_]b b[m [ ]f_[lfs ^_×h_^ aip_lh'
g_hn& [ mnlc]n ]b[ch i` ]igg[h^& [h^ [ m_n

@ e X nfic[ f] Z_Xfj# jlim`mXc `j fecp \ejli\[ Yp fi[\i% Fi[\i
gifm`[\jjfc`[`kp#gi\[`ZkXY`c`kp#Xe[#dfjk`dgfikXekcp#jki\e^k_1
k_\iXn#leX[lck\iXk\[jki\e^k_k_XkZfd\j]ifd]fZlj`e^dXjj`m\
n_llcnils( Nb_s j[nlif nb_cl ^ig[chm qcnb clih
×mnm&mnlc]nfs_h`il]cha[\i^si`f[qh_]_mm[ls
nijl_m_lp_nb_qbif_(
Xdflekj f] fk_\in`j\ [`jZfi[Xek ]fiZ\% =`m\ d`^_kp Z`kp$d\Z_j ;n f_[mn& nb_s ^i mi ch nb_ils( >_mjcn_ cnm
_Xm\ ZfeZ\ekiXk\[ k_\ jki\e^k_ f] k_fljXe[j lgfe k_fljXe[j f] hi\f_c^_[m&nb_Mn_hc[h=ih`_^_l[]sb[mmig_
[nXim\e nXii`fij `ekf X j`e^c\# le`Ô\[ ]fiZ\ k_Xk `j n`k_flk X q_[eh_mm_m(Gimni`cnm^q[lp_hg_g\_lmb[p_
fcp_^ `il [ boh^l_^ il gil_ s_[lm& [h^ mncff
[flYkk_\dfjkgfn\i]lcgfc`k`ZXc\ek`kpfe?`^_gf`ekkf[Xp%K_Xk l_g_g\_l nb_ [onbilcns i` nb_ if^ ]f[hm( Nb_
]fiZ\`jk_\Jk\e`Xe:fe]\[\iXZp% h_qlof_i`nb_[\mnl[]naip_lhcha]ioh]cfmi`
nb_Mn_hc[hm^i_mhins_nb[p_[×lgf_acncg[]s
ch nb_ gch^ i` nb_m_ if^_l ^q[lp_m( @olnb_l'

N b_Mn_hc[h=ih`_^_l[]scmih_i`nb_gimn
il^_l_^ chmncnoncihm mncff `oh]ncihcha ch
[h_l[g[le_^jlcg[lcfs\s]b[im[h^^cm[mn_l(
`il[ffnb_^q[lp_mi`>o_lienigi\cfct_nicnm
\il^_lm& ^_`_h^cha nb_ mn[n_ [fiha cnm g[hs
_hnlsjichnm(<ongomn_lchanb[nmilni`^_`_hm_
gil_&nb_jifcnc]mi`nb_Mn_hc[h=ih`_^_l[]s
[l_ ]igjfc][n_^ \s nb_ A_[lqlcabnm Aocf^&
qbc]b iqhm ih_ i` nb_ ]cns'g_]bm& ]ihnlifm
<ilh `lig nb_ f[q`of ^q[lp_h mnlihabif^ i` l_kocl_^ila[hctcha[boa_hog\_li`q[llcilm g[hs g_]bm ih cnm iqh& [h^ _rcmnm [m [ qcf^
>o_lie \on ohcn_^ \s nb_ mnlo]nol_ i` nb_ ip_l[p[mn[l_[(Chmn_[^i`q[llcilmØiqchach ][l^ `[]ncih qcnbch nb_ Mn_hc[hmÎ iqh aip_lh'
A_[lqlcabnmAocf^&nb_Mn_hc[h=ih`_^_l[]scm [hil^_lfs`[mbcihniqb_l_nb_sq_l_h__^_^ g_hn\onionmc^_cnm`ilg[f]b[chi`]igg[h^(
[fiim_[ffc[h]_i`]cns'g_]bmnb[nj[nlifh_[lfs gimn& nb_ ]f[h msmn_g l_mofn_^ ch q[llcilm @ch[ffs& nb_ Mn_hc[h =ih`_^_l[]s l_g[chm [
,**&***mko[l_gcf_mi`mol`[]_n_llcnils(Cncm Øiqchach[l[nb_l^cmil^_lfs`[mbcihniqb_l_ ]ih`_^_l[]s&hin[h[oni]l[]s&mi`il[ffcnmn[fe
nb_ ihfs ^q[lp_h chmncnoncih ih Bcabjichn ni nb_cl l_f[ncp_m q_l_ ]ih]_hnl[n_^ gimn( Mig_ i` ×lg il^_l [h^ ]f_[l fch_m i` ]igg[h^& cn
\l_[eqcnbnb_nl[^cncih[f]f[hgi^_fi`lof_l' i` >o_lieÎm _hnls jichnm q_l_ q_ff ^_`_h^_^& mncffb[mni]ihn_h^qcnbnb_`[]nnb[ncnb[mhi
mbcj&[h^nbcm`[]n]ig\ch_^qcnbfihamn[h^cha qbcf_ inb_lm q_l_ f_`n qc^_ ij_h( Gil_ip_l& ofncg[n_ [onbilcns& ihfs ×p_ [ffc_^ ]cns'g_]bm
\_b[pcilm chal[ch_^ ch nb_ gch^m i` cnm g[hs nb_^q[lp_hfip_i`b_[lnb[h^big_jligin_^ qbc]bg[e_ojcnmbcab_mn_]b_fihi`jiq_l(
^q[lp_hg_g\_lmb[p_]l_[n_^n_hmcihmmch]_ [ n_h^_h]s ni ^_`_h^ ih_Îm iqh mnlihabif^ Nb_m_ ×p_ ]cns'g_]bm [l_ nb_ ]il_ i`
cnm _[lfc_mn ^[sm( Hih_nb_f_mm& nb_m_ n_hmcihm ×lmn& nb_h nb[n i` [ffc_m( @[l nii g[hs ^q[l` nb_ Mn_hc[h =ih`_^_l[]s( Nb_s [l_ >ola[h'
[l_omo[ffsl_mifp_^ch[hil^_lfs`[mbcih&[h^ q[llcilm q_l_ f_`n ^_`_h^cha nb_ ]_hn_lgimn fie& H_^^_ljce& Fie[a& Nbolih& [h^ Ailc[(
nb_l_mofnb[m\__h[l_mb[jchai`BcabjichnÎm n_llcnilc_m qbcf_ nb_ ion_l \il^_lm q_l_ qi_' ;fnbioab >ola[h'fie q[m nb_ ×lmn ]cns'g_]b
mol`[]_qilf^( `offsoh^_lg[hh_^( ni\_]ihmnlo]n_^&nb_=ih`_^_l[]sq[ml_[ffs
<_`il_ nb_ foh[l l[chm \_a[h& nb_ [h]c_hn ;ffnbcm]iof^b[p_\__h[pic^_^b[^[]_h' \ilh qcnb nb_ ]ihmnlo]ncih i` H_^^_ljce(
^q[lp_h mnlihabif^ i` >o_lie b[^ [ jijof[' nl[f[^gchcmnl[nilil]b_mnl[n_^nb_^_`_hm_i` >ola[h'fie l_n[chm mnliha nc_m ni nb_ ]f[h
ncih i` gil_ nb[h 0**&*** ^q[lp_m& biom_^ >o_lie&\onnb_l_q[mhimo]bj_lmih(Chmn_[^& f_[^_lmbcj gi^_f i` >o_lie& qbc]b ip_lm[q
hin ihfs ch nb_ b[ffm i` >o_lie cnm_f` \on ch nb_l_ q_l_ gil_ nb[h `iol ^it_h m_hcil ]f[h cnm ]ihmnlo]ncih( H_^^_ljce q[m \ocfn \s nb_
[ mjl[qfcha [ll[ha_g_hn i` jlin_]nil[n_m& _f^_lm& qbim_ iqh ^_m]_h^[hnm b[^ chn_lg[l' A_[lqlcabnm Aocf^ qcnb nb_ _rjl_mm chn_hn
[ffc[h]_m& [h^ ]f[h n_llcnilc_m nb[n _rn_h^_^ lc_^ch[q_\i`[ff_ac[h]_m(Mig_]f[hmq_l_ `lignb_\_achhchanb[ncn\_ionmc^_nb_]ih'
[ff []limm nb_ mo\mol`[]_ i` nb_ Ø[nf[h^m [h^ f_^ \s gofncjf_ _f^_lm5 inb_l _f^_lm mchafs f_^ nlif i` >o_lie( ?]bi_m i` nb_ if^ ]f[h gi^_f
lioabf[h^m( Nb_ qbif_ [ll[ha_g_hn q[m loh gofncjf_]f[hm(Qb_hcn][g_^iqhni[]lcmcm [l_mnliha_mnih>ola[h'fie&\onihH_^^_ljce
`[clfs _]c_hnfs \s [ bc_l[l]bc][f h_nqile i` mcno[ncih& nb_s ^_]c^_^ ni jlin_]n nb_cl l_f[' [h^mo\m_ko_hn]cns'g_]bm&nb_g[chfis[fnscm
]f[hl_f[ncihmbcjm&qcnbnb_gimn[h]c_hn]f[h ncp_ml[nb_lnb[hmnl[n_act_`ilnb_aii^i`nb_ ninb_Mn_hc[h=ih`_^_l[]s(
_f^_lmaip_lhchap[mnmq[nbmi`n_llcnilsqbcf_ qbif_( Nb_Mn_hc[h=ih`_^_l[]scm×lgfs^_^c][n_^
nb_cl jlia_hs ]ihnliff_^ ^[s'ni'^[s ^_n[cfm ch Nb_ Mn_hc[h =ih`_^_l[]s q[m `ioh^_^ ni _mn[\fcmbcha mn[\cfcns ch [h inb_lqcm_ ]b['
jlial_mmcp_fs mg[ff_l tih_m i` nb_ jsl[gc^[f qcnb`l_mbg_gilc_mi`nb_l_mofncha^cm[mn_l( inc]qilf^(Cnmn[h^m[mnb_msg\ifi`il^_l[h^
aip_lhg_hnmnlo]nol_( >o_lie q[m l[hm[]e_^ \s mo]]_mmcp_ q[p_m i` gcabnni[qilf^nb[n`il^_][^_mb[mm__hhinb'
Nbcmmsmn_gb[^qile_^×h_`ilohnif^a_h' l_`oa__mm__echamb_fn_l`lignb_foh[ll[ch(Cnm cha \on ]b[im [h^ ^_mnlo]ncih( Nb_ Mn_hc[hm
_l[ncihm&\oncnq[mhinmocn_^ninb_ih]_'ch'[' jijof[ncihq[mh_[lfsb[fp_^ip_lnb_]iolm_i` \_fc_p_×lgfsnb[nil^_l_rn_h^mionq[l^`lig
fc`_ncg_mnl_mm_m_rjim_^\snb_foh[ll[ch(Nb_ m_p_l[f^_][^_m&[h^nb_n_llcnilscn]ihnliff_^ qcnbch& [h^ nb_ ihfs q[s ni l__mn[\fcmb j_[]_
\_mnmifoncihninb__h^f_mmq[p_mi`l_`oa__m mblohe\s[mcgcf[lg[lach(Ninb_=ih`_^_l[]s& [h^ nl[hkocfcns cm ni \_ mn[fq[ln ^_`_h^_lm i`
_ha_h^_l_^\snb_foh[ll[chqiof^b[p_\__h nbcm[ff]iof^b[p_\__hjl_p_hn_^qcnbil^_l(; f[q( H_\ofiom ]ih]_lhm i` aii^ [h^ _pcf [l_

.3;?


¡ ¢

b_[psn[r\ol^_h"ilb_[ps_hioabnimq[snb_
cggcal[ncihi   ]c[f&\onqi_\_nc^_nb[ni '
]c[fc`b_Îm][oabnÊilnb_cggcal[hn&`ilnb[n
g[nn_l#(>_mjcn_nb_i]][mcih[f_r]_jncih&nb_
g[dilcns i` nb_ Mn_hc[h bc_l[l]bs cm f[q`of ni
nb_]il_&[h^nb_clmcmnb_ech^i`f[q_h`il]_^
qcnbmqc`n&ohko_mncihchadomnc]_(
Gimn i` nb_ Mn_hc[h aip_lhg_hn cm ch `[]n
gcfcn[ls ch ilcach( G_]b ]l_qm [l_ [fgimn
[fq[sm `ilg[ffs ]iggcmmcih_^ ch nb_ gcfcn[ls&
[h^nb_s[l_do^a_&dols&[h^_r_]oncih_lqb_h
ch nb_ ×_f^( <on nb_ gcfcn[ls ^cm]cjfch_ i` nb_
=ih`_^_l[]s _rn_h^m _p_h \_sih^ nbim_ ih
[]ncp_ ^ons( Ch [ m_hm_& nb_l_ cm hi ^cpcmcih
\_nq__h nb_ gcfcn[ls [h^ nb_ ]cnct_hm i` nb_
Mn_hc[h =ih`_^_l[]s( JcfinmÎ qcp_m b_fj ni
g[chn[chnb_clg_]bm&domn[m^q[lp_hg[nlihm
i`if^mb[lj_h_^nb_clbom\[h^mÎ[r_m\_nq__h
\[nnf_m(=bcf^l_hf_[lhnil_]iahct_l[hechmca'
hc[m[n[sioha[a_(?p_ls[\f_'\i^c_^sionbcm
nl[ch_^`ilq[l&_p_hc`b_h_p_l[]ncp_fs_hfcmnm
chnb_gcfcn[ls(
G_g\_lmi`nb_=ih`_^_l[]sb[p_hinif_l'
[h]_`ilch^cpc^o[fmnb[nfcp_nb_clfcp_mqcnbion
il^_l( Nb_ ]b[im i` nb_ lomn lc^_lm& nb_ `l__
lc^cha i` nb_ Clihniinb =f[hm& nb_ ohmnlo]'
nol_^h[nol_i`fc`_chnb_]cnsi`?^a_4Nb_m_
[l_^[ha_liom&_p_hn_llc`scha]ih]_jnmninb_
=ih`_^_l[]s( Nb_ jbcfimijbs i` ^cm]cjfch_ cm
mi ×lgfs _hnl_h]b_^ ch nb_ gch^m i` Mn_hc[h
]cnct_hmnb[ncnl[hem[fihamc^_mo]bnlocmgm[m
m_]ih^[lsninb_pclno_mi`il^_l[h^mn[\cfcns5 l[]_ il \[]ealioh^& jlipc^_^ nb_s ][h jlip_ Ë[^q[l`h__^m[f_nimolpcp_(ÌNinb_Mn_hc[hm&
ninb_Mn_hc[hm&aii^cm[h[nol[f]ihm_ko_h]_ nb_cl qilnb( Ch jl[]nc]_& i` ]iolm_& mig_ i` il^_lcm[jl_l_kocmcn_`ilmolpcp[f(Nbim_qbi
i`il^_l&[h^[ffi`Bcabjichnmb[ffih_^[sl_[j nb_ gil_ nl[^cncih[f ^q[lp_m alog\f_ [\ion ^ihinfcp_qcnbmnlo]nol_&il^_l&[h^^cm]cjfch_
nb_\_h_×nm( nb_ h_q]ig_lm& [h^ nb_ jbsmc][f ]ihmnl[chnm [l_ ^_mnch_^ ihfs `il ^_[nb& nb_ m[g_ ech^ i`

+
Nb_ =ih`_^_l[]s _mn[\fcmb_m nbcm il^_l \s i` if^_l ]cns'g_]bm fce_ >ola[h'fie fcgcn nb_ ^_[nb g[hs Mn_hc[hm l_g_g\_l qcnh_mmcha ch
mnlc]n gcfcn[ls ^cm]cjfch_( ?[]b g_g\_l b[m [ [\cfcnsi`bog[hmninl[p_lm_nb_cljcn]b'\f[]e nb_\fii^sb[ffmi`>o_lie(
l[he [h^ [ jf[]_& [h^ ]f_[lfs ehiqm qbi cm ch ×p_'`iin'n[ff]illc^ilm&\on]igj[l_^nigimn
]b[la_( Il^_lm [l_ hin ko_mncih_^5 nb_s [l_ inb_lmi]c_nc_mihBcabjichn&nb_Mn_hc[h=ih'
mcgjfs i\_s_^( Lof_m [l_ nb_ \[]e\ih_ i` `_^_l[]scmij_h'gch^_^(
Mn_hc[h]igg[h^&[h^qcnbionnb_gnb_qbif_
i`nb_msmn_g`[ffmchni]b[im(G_g\_lmi`nb_
Fc`_ cm b[l^ [\i[l^ Mn_hc[h g_]bm Ê [h^
ch nb_cl mol`[]_'j[nliff_^ Ëm[`_ tih_m(Ì Nb_l_ @AKLGJQ
=ih`_^_l[]sb[p_^_^c][n_^nb_gm_fp_mnihin [l_ p_ls `_q mf[]e_lm [giha nb_ Mn_hc[hm5 nb_
ihfs nb_ jbcfimijbs i` f[q& \on ni cnm [jjfc]['
ncihch_p_ls^[sfc`_(
Mnlc]n gcfcn[lcmg \il^_lcha ih g[lnc[f
b[l^'qilecha molpcpilm i` nb_ b[ffm i` >o_lie
b[p_ p_ls fcnnf_ j[nc_h]_ `il nbim_ hin qcffcha
ni ×abn `il nb_cl iqh molpcp[f( Nb_s g[chn[ch
< _`il_ nb_ foh[l l[ch& nb_ Mn_hc[h =ih`_^'
_l[]s ^c^ hin _rcmn( Cnm [hn_]_^_hn& nb_
^q[lp_hmnlihabif^][ff_^>o_lie&q[m[jiq'
f[q cm _p_ls^[s jl[]nc]_ [giha nb_ Mn_hc[h nb_][f_h^[li`>o_lie&chqbc]bnb_l_[l_ihfs _l`of `il]_ ch nb_ mo\mol`[]_ qilf^ \_fiq nb_
=ih`_^_l[]s( G_g\_lm gomn mcgjfs [^b_l_ mcr bifc^[sm ch [ ,/,'^[s s_[l& [h^ nb_m_ ^[sm lioabf[h^m( Ihfs [`n_l nb_ foh[l l[ch ]l_[n_^
ni nb_cl f[qm( ;fgimn hi inb_l l_kocl_g_hnm nb_l_Îmmigo]bqilenb[nnbim_mcrbifc^[sm[l_ [ ]b[ch i` _p_hnm nb[n qiof^ mb[nn_l >o_lie&
_rcmn(Qbcf_nbcmmig_ncg_mf_[^mni_rnl_g_m h_p_l]_f_\l[n_^(?p_ls]cnct_hgomnjlip_bcm [h^ihfs[`n_lnb[nchnolhf_^ninb_]l_[ncih
i`[ffmilnm&cnb[m[fmif_^ni[l_g[le[\fsij_h qilnb[h^\_qcffchaniqile]ihmn[hnfs(Mig_ i` >ola[h'fie& nb_ ×lmn ]cns'g_]b& qiof^ nb_
mi]c_ns( Nb_ if^ ]f[h gi^_f i` >o_lie q[m ]cns'g_]bm& mo]b [m H_^^_ljce& q_l_ []no[ffs Mn_hc[h=ih`_^_l[]s]ig_chni_rcmn_h]_(
_rnl_g_fs chmof[l& `i]om_^ [fgimn mif_fs ih \ocfn \s nb_cl ]l_q5 inb_lm []]_jn j_ncncih_lm <on>o_lie^c^_rcmn\_`il_nb_foh[ll[ch&
^q[lp_m [m nb_ ]_hn_l i` [ff ]cpcfct[ncih( Nb_ `il[p[cf[\f_]l_qmj[]_&\onihfsc`nb_sb[p_ [h^ b[^ _rcmn_^ `il g[hs& g[hs ]_hnolc_m(
Mn_hc[h =ih`_^_l[]s& ih nb_ inb_l b[h^& b[m om_`ofmecffmilh__^_^[\cfcnc_m(Mncff&chl_]_hn >o_lie cm [h [h]c_hn mnlihabif^ qcnb mnliha
koc]efs l_]iahct_^ nb_ n_]bhc][f n[f_hnm i` s_[lmnb_mn[h^[l^mb[p_^_]fch_^[mnb_]lcmcm nc_m ni ^it_hm i` ^q[lp_h ]f[hm( Mnliha_mn i`
ahig_m&nb_g[ac][fjliq_mmi`_fp_m&[h^nb_ g_hn[fcnsi`nb__[lfss_[lmb[ml_]_^_^(Hiqcn nb_g [ff cm =f[h >o_lie& i` ]iolm_& \on nb_
[g\cncih [h^ qc^_'l[hacha gch^m i` bog[hm( cmjimmc\f_nia_n[mbilnmn[sih[Mn_hc[hg_]b h[g_m[e_ ]f[h cm ihfs ih_ i` g[hs( Nb_ qil^
Nb_ Mn_hc[hm []]_jn [ff ]ig_lm& l_a[l^f_mm i` c`siol]ichjolm_cmb_[ps_hioabnig__nnb_ >o_lie cm c^_hnc×_^ ×lmn [h^ `il_gimn qcnb

.3;?


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nb_jbsmc][fmnlihabif^nb[n\_[lmcnmh[g_&hin nb_ q[llcilm qbi `_ff ^_`_h^cha >o_lie( Nb_ qcj_^ ion ch [ mchaf_ ^[s ^olcha nb_ _[lfc_mn
nb_]f[h`ligqbc]bcnilcach[n_^boh^l_^mi` Mn_hc[hlof_lmbcjcmmjfcnihnb_p[fo_i`nb_m_ chØor_m i` l_`oa__m& [h^ nb_ `_q Eo^_[b
s_[lm[ai( mblch_m4I\pciomfs&hiih_i\d_]nmnip_h_l[n' ^q[lp_m ni molpcp_ q_l_ mjfchn_l_^ [m nb_s
>o_lie q[m "[h^ mncff cm# [ g[dil `[]nil ch cha `[ff_h q[llcilm& \on mig_ qills nb[n nb_ l_nl_[n_^(Hih_nb_f_mm&nb_Eo^_[bq_l_[\f_
nl[^_ nblioab nb_ oh^_l^__j( Nb_ ?h^f_mm ]bim_hg_nbi^ihfsj_lj_no[n_mnb_f_a[]si` ni×h^mb_fn_l^o_niih_i`nb_al_[n_mn[mm_nm
Lcp_l&qbc]b][llc_mnl[^_aii^m`ligih__h^ nb_if^]f[hmsmn_g(Qb_hnb_[^gchcmnl[ncih i`nb_clnlc\_4Nb_sq_l_d_q_f_lm[h^a_g]l[`n'
i` Bcabjichn ni nb_ inb_l& Øiqm oh^_l nb_ i` ]cns'g_]b Fie[a \ocfn [ ]_hnl[fct_^ mblch_ _lm&]ihmc^_l_^mig_i`nb_gimnac`n_^i`[ff
al_[n]fcm[h^giohn[chm[nnb_]_hn_li`nb_ ih cnm g[ch f_p_f ^_^c][n_^ ni [ff nb_ `[ff_h ^q[lp_h[lncmnm&[h^qcnbion[^io\nih_i`nb_
]ihnch_hn(;mnb_?h^f_mmLcp_lØiqm_[mnq[l^ q[llcilm i` >o_lie& nb_ ]cns'g_]b jijof[]_ q_[fnbc_mn i` [ff ^q[lp_h nlc\_m( @il nb_ m[g_
oh^_lnb_<ioh^[lsJ_[em&nb_lioabf[h^m&[h^ mojjiln_^ cnm ^_]cmcih( <on qb_h Fie[aÎm lof' l_[mih& nb_s q_l_ [fmi ]ihmc^_l_^ __n_ [h^
nb_ Ø[nf[h^m& cnm g[dil ]oll_hnm ^lcp_ mnl[cabn _lm mo\m_ko_hnfs nlc_^ ni koc_nfs Ëchn_al[n_Ì q_[e&[h^g[hs^q[lp_hq[llcilmnbioabncnhi
nblioab nb_ b_[ln i` >o_lie( @il ]_hnolc_m& j_lmih[fmblch_mchninb_]_hnl[ffi][ncihÊch moljlcm_nb[n[]f[hi`[lncmnmqiof^`[ffnichp[^'
nbcmjlircgcnsnimo]b[g[dilnl[^_lion_b[m inb_lqil^m&l_gip_ch^cpc^o[ffis[fnc_mniif^& chal_`oa__mch[mchaf_^[s(
g[^_>o_lie[pcn[fmnijjchajichn`iloh^_l' ^_[^ ]f[hm [h^ l_jf[]_ nb_g qcnb [ Mn_hc[h' @il m_p_l[f ^_][^_m& qb[n l_g[ch_^ i` nb_
^[le nl[^cha( G_l]b[hnm qiof^ jc]e oj aii^m ]ihnliff_^_^c×]_Ênb_\[]ef[mbq[m_rnl_g_ Eo^_[b ^q[lp_m q[m m][nn_l_^ nblioabion
[ff [fiha nb_ q_mn_lh l_[]b_m i` nb_ ?h^f_mm \s^q[lp_hmn[h^[l^m( nb_ \_mc_a_^& ^_][scha b[ffm i` >o_lie& ohncf
Lcp_l&nb_h\lchanb_gni>o_lie`il_r]b[ha_( >_mjcn_ nb_ \_mn _ilnm i` nb_ Mn_hc[h nb_lif_i`g_]bm\_a[hnialiq(Nb_Eo^_[b
>o_lie ch nolh g[chn[ch_^ [ mnliha jl_m_h]_ =ih`_^_l[]s& bcmnilc][f ]f[h fis[fnc_m l_g[ch( ^q[lp_m&cnq[m^cm]ip_l_^&b[^[×h_^_rn_lcns
ch?^a_&qb_l_cnqiof^\lchacnmaii^mionni >q[lp_m \ilh ih nb_ gi^_lh ]cns'g_]bm ohg[n]b_^ [giha gimn ^q[lp_h ]f[hm( Nb_s
nl[^_qcnbnb_mol`[]_qilf^(@ils_[lm&>o_lie ]ihmc^_l mo]b fis[fnc_m [h[]blihcmnc]( Oh`il' g[^_al_[ng_]bjcfinm(A_h_l[ncihmi`qile'
mnlip_ ni ]ihnlif ?^a_ [h^ nbom ^igch[n_ noh[n_fs`ilnb_Mn_hc[hm&nb_^q[lp_hfc`_mj[h cha ch gchon_ ^_n[cf qcnb nchs a_gm j[c^ i
nl[^_ [fiha nb_ ?h^f_mm Lcp_l& \on _[]b i` cnm i` oj ni ./* s_[lm g_[hm nb_l_ [l_ `[l gil_ qb_hnb_qilf^h__^_^×h_ginilmecffm(Hiq
[nn_gjnmni^imich_pcn[\fs`[cf_^( fcpcha ^q[lp_m ni [jjl_]c[n_ nb_ ]f[h msmn_g g[hsi`nb_nijg_]bdi]e_sm[gihanb_=ih'
Nb_ \_mn'ehiqh i` nb_ >o_lie ]f[hm q[m nb[h nb_l_ [l_ ni ^cm^[ch cn( Fis[fns ni nb_ `_^_l[]s[l_`lig=f[hEo^_[b(Nb_s[l_mncff
hin>o_liecnm_f`&\on=f[h@l[fc_`(@l[fc_`q[m =ih`_^_l[]scmmfiqfsn[echabif^&j[lnc]of[lfs l_a[l^_^ [m q_[e \s nb_ if^ [r_'q[llcilm& \on
l_mjihmc\f_`il`_llschaaii^m`lig>o_lieni [giha ]iaf[s_lm& g_]b di]e_sm& n_]bhc]c[hm& nb_hog\_li`ncg_m[Eo^_[b^q[l`b[mm[p_^
?^a_& [h^ b[h^f_^ g[hs nl[^cha nl[hm[]ncihm _hach__lm&[h^nb_l_mni`nb_n_]bhc][fjijof[' nb_fc`_i`[h[r_'q[llcilb[m[g_fcil[n_^nbcm
ch ?^a_ cnm_f`( ;m [ l_mofn& @l[fc_` q[m ehiqh ncih&\oncncm[p_lsmfiqnl[hmcncih( do^ag_hn mig_qb[n( <_cha [ Eo^_[b ^q[l` cm
niionmc^_lm[mËnb_`[]_i`>o_lie(ÌG[hsmol' Nb_bcmnilsi`nb_Mn_hc[h=ih`_^_l[]sq[m hin[jl_l_kocmcn_ni\_]igcha[g_]bdi]e_s

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`[]_'^q_ff_lmmncffninbcm^[s^ihÎnl_[fct_nb[n gimnmb[j_^\snb_`iffiqcha]f[hm&qbil_n[ch chnb_Mn_hc[h=ih`_^_l[]s&\oncncm]_ln[chfs
>o_liecm[fminb_h[g_i`[]f[h5nb_snbchei` nb_al_[n_mnfis[fnc_m[gihacnm]cnct_hm( [ qchhcha jichn i` _hnls& [h^ g[hs [h [mjcl'
@l[fc_`[mnb_^igch[hn]f[hi`nb_mnlihabif^( chajcfinb[m\__hehiqhnifc_[\ionbcm]f[h
Nb_]f[hmsmn_gi`>o_lieq[mlof_^\snb_ b_lcn[a_( <_][om_ nb_ Eo^_[b ]f[h b[m fimn
_f^_l g_g\_lm i` _[]b ]f[h( ?[]b ]f[h b[^ cnm mnlihabif^ [h^ gimn i` cnm hog\_lm& cn cm
cnm iqh msmn_g `il lof_lmbcj& \on omo[ffs nb_ =F;H@L;FC?@ __]ncp_fs ^_mnlis_^& mi ]f[h fis[fns cm hin [
_f^_mn g[f_ q[llcil []n_^ [m ]b[h]_ffil i` [ \cajli\f_g`ilMn_hc[h[^gchcmnl[nilm&_r]_jn
]ioh]cf i` _f^_lm( Ch mig_ ][m_m& g[nlc[l]b[f
@ l[fc_`mncffmolpcp_m[m[h[]ncp_]f[h&nbioab ch nb_ [\mnl[]n m_hm_ nb[n g[hs if^_l Eo^_[b

-
]ioh]cfm^igch[n_^(L_a[l^f_mmi`nb_^_n[cfm& cnmhog\_lm[l_al_[nfsl_^o]_^`ligqb[n ^q[lp_m bij_ ni mig_^[s ]f_[l [h [l_[ `il [
nb_ _f^_l msmn_g `ilg_^ [ h[nol[f jsl[gc^[f nb_sih]_q_l_(>o_nicnml_aof[l]ihn[]nqcnb h_qmnlihabif^(
mnlo]nol_ ip_l qb[n q[m [ p[mn ^ig[ch( Gil_ nb_mol`[]_qilf^nblioabnl[^chach?^a_&cnm
nb[h 0**&*** ^q[lp_m q_l_ lof_^ \s [ msmn_g g_g\_lmq_l_gimn]ig`iln[\f_qcnbf_[pcha
i` jlial_mmcp_fs sioha_l [h^ gil_ fi][fct_^ nb_cl^q[lp_hb[ffmnifcp_ihnb_mol`[]_qilf^
l_jl_m_hn[ncp_mi`nb__f^_lmi`[`_q^igch[hn ch[]cns'g_]bÊmiqb_h>ola[h'fie×lmnnli^ =F;HGCAFO>
`[gcfc_m( G[llc[a_m chn_lnqch_^ nb_ `[gcfc_m ihnb_Ø[nf[h^m&cnq[mqcnb[]l_q]igjlcm_^
[h^ ]igjfc][n_^ nb_ l_f[ncihmbcjm [n g[hs
jf[]_m& \on ch [ f[q`of mi]c_ns qcnb mnlc]nfs
i\_s_^ p[fo_m i` `[gcfs& ]f[h& [h^ nl[^cncih&
f[la_fs i` @l[fc_` ^q[lp_m( Gil_ nb[h [ nbcl^
i` >ola[h'fieÎm jijof[ncih b[m mnliha nc_m ni
@l[fc_`(Mbiof^nb_l__p_l\_[]ihØc]n\_nq__h
G cafo^ q[m [ g[ho`[]nolcha ]f[h& ^_^c'
][n_^nil_×hchanb__[lnbÎm\iohnschni
nb_ ×h_mn aii^m [p[cf[\f_( Cnm g_g\_lm q_l_

-
nb_m_ ]igjfc][ncihm h_p_l l_[]b_^ [ ]lcmcm Mn_hc[h[h^@l[fc_`lof_lmbcj&cncmoh]f_[lbiq ]l[`nmg_h nl[ch_^ `lig nb_cl `[nb_lÎm eh__ ch
jichn( nbcmjilncihi`nb_]l_qqiof^l_[]n( nb_ l_mj_]n_^ g_^c_p[f ]l[`nm4 \f[]emgcnbcha&
Ohncf nb_ ]igcha i` nb_ foh[l l[ch( Nb_ q_[jih `ilacha& f_[nb_lqilecha& Ø_n]bcha&
__]nmq_l_^_p[mn[ncha&[h^f_^^cl_]nfsninb_ [h^ inb_lm( ;m [ l_mofn& Gcafo^ ^q[lp_m q_l_
`ilg[ncihi`nb_Mn_hc[h=ih`_^_l[]s(<olc_^ l_]locn_^ _[lfs ih \s J[lcfom `il nb_cl n_]bhc'
`il_p_lchnb__[lfsj_lci^i`mnlc`_[h^^cm[mn_l& =F;HEO>?;B ][f [jncno^_( I` [ff nb_ ^q[lp_m& nb_s f_[lh_^
hiq `ilainn_h ni g[hs& [l_ nb_ h[g_m i` nb_ g_]b]l[`nnb_`[mn_mn&[h^cncmnb_sqbijf[s_^
]f[hm nb[n `_ff& [h^ nb_ h[g_m i` nb_cl f_[^_lm
qbib[p_hiih_f_`n[fcp_nil_g_g\_lnb_g(
<onnb_m_h[g_m[l_hin`ilainn_h\s[ff(G[hs
I h_i`nb_mg[ff_mni`[ffnb_]f[hm&Eo^_[b
b[^ `_q_l nb[h -&*** g_g\_lm& [fgimn
[ff i` qbig q_l_ ]ih]_hnl[n_^ ch [ mchaf_
nb_al_[n_mnlif_ch\ocf^cha>ola[h'fie(Cnq[m
[Gcafo^^q[l`h[g_^Mn_hcomqbib[gg_l_^
chnijf[]_nb_×h[f\ifnmihM_l_aÎm×lmng_]b(
^q[lp_m ch nb_ Mn_hc[h =ih`_^_l[]s g[chn[ch mnlihabif^ihnb_`lcha_mi`nb_g[ch>o_lie' =f[hGcafo^g_]bmb[p_mch]_gcal[n_^ni[ff
ni nbcm ^[s [ j_lmih[f mblch_ ^_^c][n_^ ni ]ihnliff_^ [l_[m( Nb_ Eo^_[b mnlihabif^ q[m ×p_ ]cns'g_]bm ch jimcncihm [m ]iaf[s_lm [h^

.3;?


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_hach__lm&[h^a_h_l[ffsmbiq[mnlihafis[fns [h^fc`_'m[pchag_]bm&l[cm_^`olnb_lko_mncihm gchil]lcg_chil^_lnig[chn[chil^_l[giha


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b[p_ mnliha g_gilc_m i` nb_ `[gcfs `ila_m >o_lie qbcf_ nb_ ai^m ]iof^ hin( Nb_ ×h[f [ bcab'l[hecha Mn_hc[h gcfcn[ls ]igg[h^_l
qb_l_g[hsq_l_l[cm_^&[h^g[chn[chj_lmih[f mnl[qq[mnb_mjil[^c][jj_[l[h]_i`nl[e'nl[em gomn \_ j_lgcnn_^ f_hc_h]s ih [ g[dil ]lcg_

-
mblch_m^_mjcn_nb_cljli`_mm_^[ffc[h]_ninb_ [h^ qbcmj_l_^ logilm i` P_mm_fm i` >inl[e \_][om_ bcm gcfcn[ls n[f_hnm \lcha gil_ aii^
Mn_hc[hm[h^nb_ai^>inl[e( q[fecha nb_ _[lnb( Mig_nbcha inb_l nb[h nb_ ninb_qbif_nb[hnb_\[^\lioabn\sbcm]lcg_(
nl[^cncih[fj[hnb_ihq[ml_mb[jchaBcabjichn& Nb_ F[q aip_lhm q[echa ncg_m& g_[f ncg_m&
\onqb_nb_lcnq[mg_]bm&>inl[e&ilnb_foh[l _p_h jlij_l chn_lp[fm i` l_mn5 cn aip_lhm nb_
ai^mq[mhin]f_[l( gcfcn[ls bc_l[l]bs& johcmbg_hnm `il pcif[ncihm
>O?LIE >o_ninb_^igch[hnjimcncihi`nb_n_]bhc' i`cnm^_]l__m&[h^nb_]b[chi`]igg[h^(Nb_
][f[lnmchnb_Mn_hc[haip_lhg_hn&[al_[ng[hs F[qaip_lhm_p_lsnbcha(

N b_mnlihabif^i`>o_liemncff_rcmnm(Gil_
nb[h -**&*** ^q[lp_m g[e_ nb_cl big_
ip_lnb_boh^l_^mi`gcf_mi`nohh_fmnb[n]ig'
m_hcilMn_hc[hi   ]c[fm\_fc_p_chnb_ko[mc'ai^
>inl[e( Acp_h >inl[eÎm b[h^m'i jbcfimijbs
"Ëb_ domn m_n nb_ ohcp_lm_ ch gincih& nb_h
Nb_F[qj_lp[^_m[ff[mj_]nmi`Mn_hc[hfc`_&
\oncmi`n_hgcmm_^\spcmcnilm&qbi^ihÎn][n]b
nb_ ^c_l_h]_ \_nq__h l_`_l_h]_m ni Ënb_
jlcm_ >o_lie( Nbcm jijof[ncih cm ]igj[l[\f_ mn_jj_^\[]e[h^f_ncnlohÌ#[h^nb_mo]]ch]n f[qÌ[h^Ënb_F[q(ÌNb_l_[l_qlcnn_hf[qmih
ni nb_ lioabfs -**&*** mol`[]_'^q_ff_lm qbi ohcih \_nq__h >inl[eÎm imn_hmc\f_ n_[]bcham \i[l^[ff]cns'g_]bm&qbc]b]ihmncnon_nb_f[qm
[l_jlin_]n_^\snb_]cns'g_]bmi`nb_Mn_hc[h [h^nb_`[]nmi`g_]b[hc][fjbsmc]m&[Ë\_fc_`Ì i` nb[n ]cns'g_]b& \on nb_s [l_ \lc_` [h^ `l_'
=ih`_^_l[]s&nbioabcnÎmp[mnfsf[la_lnb[hnb_ ch>inl[ei`n_hg_[hmfcnnf_gil_nb[hmnliha ko_hnfsl_`_l_h]_Ënb_F[q(ÌGil_nb[hih]_&
l_f[ncp_fsnchsjijof[ncihi`domnoh^_l-*&*** `[cnbchnb_jiq_li`nb_mn_[g_hach_[h^hi [qlcnn_hf[qb[m\__hip_llof_^\s[mo\d_]ncp_
[]no[ffsfcpchaihg_]bm( `[cnbchnb_if^^q[lp_hai^m(Nb_jl_jih^_l' chn_ljl_n[ncih i` nb_ F[q qb_h nb_ mcno[ncih
>o_lieÎml_f[ncihmbcjqcnbnb_Mn_hc[h=ih' [h]_ i` n_]bhc][f ]f[mm_m ih nb_ ]cns'g_]bm q[ll[hnmcn(
`_^_l[]s cm \inb p_ls mnliha [h^ p_ls q_[e( Cn g_[hm \_fc_` ch >inl[e cm mnliha_mn ih \i[l^ C` [hsnbcha ]iof^ \_ ][ff_^ nb_ l_fcacih
]iof^ \_ \_mn ]igj[l_^ ni [ n_llc\fs mnl[ch_^ nb_ g_]bm( Biq_p_l& _p_h [giha nb_ mol`[]_ i` nb_ Mn_hc[h =ih`_^_l[]s& cn cm nb_ aoc^cha
`[gcfs l_f[ncihmbcj( Nb_ Mn_hc[h =ih`_^_l[]s mi]c_nc_mnb[nnb_]cns'g_]bmjlin_]n&nb_i\pc' `il]_ i` nb_ F[q( Nb_ F[q cm h_p_l jligof'
q[m\ilh`lignb_b[ffmi`>o_lie&^l[qmgimn iomjbsmc][fjlin_]ncihi`g_]bmÊ]igj[l_^ a[n_^ il mn[n_^ ionlcabn( Cn cm mcgjfs nb_ qcff
i`cnmjijof[ncih`lig>o_lie&]iohnm[giha ni]f_lc]mqbi[l_mncffb[pchanlio\f_l_]_cpcha i` nb_ [onbilcns []ncha ch nb_ chn_l_mn i` [ff(
cnm]cnct_hmjlcg[lcfs`ilg_l]cnct_hmi`>o_lie& nb_clmj_ffmÊg[e_mcn[fin_[mc_lni\_fc_p_ch Nb_ohØch]bchafis[fnsniil^_l[h^^cm]cjfch_
[h^&ch[p_lsfcn_l[fm_hm_&q[m[]no[ffs\ocfn\s >inl[enb[hnb_if^ai^m( _pch]_^ \s nb_ Mn_hc[h ]l_q& ]ig\ch_^ qcnb
>o_lie&`ilcnq[m>o_lienb[n]ihnlc\on_^nb_ Hih_nb_f_mm&nb_l_[l_[fq[sm[`_qbif^ionm nb_ip_lqb_fgchaf[q`of[fcahg_hn[h^i\_^c'
f[\il[h^mojjfc_mni\ocf^>ola[h'fie(Hih_' ch[hsg[mmgip_g_hn(J[lnc]of[lfsih>ola[h' _h]_ni[onbilcnsnb[nj_lg_[n_m_p_lsMn_hc[h

+
nb_f_mm& nb_ Mn_hc[h =ih`_^_l[]s i   ]c[ffs fie&nb_gimnnl[^cncih[fi`nb_^q[lp_hg_]bm& p_mm_f& g[e_m _p_ls Mn_hc[h ]cnct_h []on_fs
^i_mhÎnl_]iahct_nb_]f[hmnlo]nol_i`>o_lie& qilmbcjj_lm i` nb_ if^ ai^m l_g[ch( Nb_s [l_ [q[l_i`[ff[mj_]nmi`nb_F[q(
_m]b_qm\_fc_`chnb_nl[^cncih[f>o_lieai^m& lc^c]of_^ \s mig_ i` nb_cl gil_ jlial_mmcp_
[h^ b[m jbsmc][ffs [\[h^ih_^ nb_ n_llcnils i` \l_nbl_h&s_nmncff]fchaninb_clq[sm(Eil^oe&
>o_lie( Nb_ g_^c_p[f `_o^[f mnlo]nol_ i` nb_ nb_Miof@[nb_l[h^ai^i`nb_^q[lp_m&cmj[l'
l_g[chcha]f[hmi`>o_lieb[mhÎnb_fj_^g[n'
n_lm5nb_f[]ei`[]_hnl[f[onbilcnsch>o_liecm
nc]of[lfs jijof[l [giha nb_m_ nl[^cncih[fcmnm&
[mcmGilmn&ai^i`mnl_hanb&[h^Afilcom&ai^ E9?A;
qb[ng[hsMn_hc[hm\_fc_p_^][om_^nb_foh[l i`p[fil(>_n[cfmihnb_m_ai^m][h\_`ioh^ih
^cm[mn_l ch nb_ ×lmn jf[]_& [h^ ni nbcm ^[s nb_
Mn_hc[h=ih`_^_l[]smncffgomn^_[fqcnb_[]b
]f[hi`>o_liech^cpc^o[ffs(
j[a_+*i`nb_G_]bG[ho[f(
;fnbioab nb_ Mn_hc[h =ih`_^_l[]s cm i
]c[ffsqcnbion[l_fcacih&nb_l_cmih_j_lp[mcp_
' G [ac]jf[sm[mg[ff[h^l_aof[lfs^cgchcmb'
chalif_qcnbchnb_Mn_hc[h=ih`_^_l[]s(
;l][h_ g[ac] b[m h_p_l b[^ [ mnliha bif^ ih
I` [ff nb_ inb_l mi]c_nc_m ih Bcabjichn& \_fc_` nb[n ]iof^ \_ ][ff_^ [ Mn_hc[h l_fcacih ^q[lp_h ]ofnol_& \on ^cpch_ g[ac] b[m \__h
nb_ Mn_hc[h =ih`_^_l[]s cm gimn fce_ nb[n i` Ê[h^i`n_hcm\sionmc^_lm(Nbcmcm\_fc_`chnb_ cgjiln[hn`ila_h_l[ncihm(Hiqnb_ai^mmj_[e
>o_lie(Qb_h[c^cmh__^_^&nb_Mn_hc[hm[h^ F[q( Nb_ F[q& qcnb [ ][jcn[f F& cm nb_ ilcach[f f_mm pi][ffs ni nb_cl `iffiq_lm& [h^ nb_ mn_[g
>o_lie[l_koc]enijlipc^_[mmcmn[h]_ni_[]b n_lg\sqbc]bnb_`ioh^_lmi`nb_=ih`_^_l[]s _hach_[jj_[lmni\_nb_mifoncihninb_qilf^Îm
inb_l( S_n nb_s [l_ `il_p_l m_j[l[n_^ \s nb_ l_`_ll_^ ni nb_cl msmn_g i` lof_m [h^ l_aof[' jli\f_gm( Aliqcha `[cnb ch >inl[e `olnb_l

+
cmmo_m nb[n ^cpc^_ nb_g& [h^ l_m_hng_hn mcg' ncihm(Nb_m_f[qm\_][g_ehiqh[mËnb_F[q&Ì _li^_m nb_ mn[nom i` ]f_lc]m [h^ inb_l ^cpch_
g_lmih\inbmc^_m( [h^ hiq nb_ F[q cm l_]iahct_^ [m nb_ bcab_mn mj_ff][mn_lm(N[e_hnia_nb_l&nb_m_`[]nilmb[p_
c^_[fi`Mn_hc[hfc`_( l_mofn_^ch[mn_[^sgip_g_hn[q[s`ligg[ac]
Nb_F[qcmhinqlcnn_h^iqh[hsqb_l_&hil [h^niq[l^g_]b[hc][fmifoncihm(
cmcnl_]il^_^\s[hi   ]c[fe__j_l(Cncmoh^_l' Ih__r]_jncihcmnb_]ig\ch[ncihi`g[ac]

J=DA?AGF mnii^ \s nbim_ qcnbch nb_ =ih`_^_l[]s [m nb_


lof_i`[onbilcns`ilnb_aii^i`nb_qbif_(Nb_
[h^ g_]b( Nbcm cm [h [l_[ i` chn_hm_ chn_l_mn
qcnbchnb_=ih`_^_l[]s(J[lni`nb_chn_l_mnfc_m
F[qcmqb_h[gcfcn[lsmoj_lcil]igg[h^mbcm qcnb ]iaf[s_lm chn_hm_fs m]lonchctcha ijncihm

N b_Mn_hc[h=ih`_^_l[]scmi   ]c[ffsqcnbion
[l_fcacih(Nb_]igchai`nb_foh[ll[chf_`n
g[hs^q[lp_mqcnbion`[cnbchnb_clai^m&_p_h
mo\il^ch[n_m( Nb_ F[q cm qb_h [ \f[]emgcnb
gomn qile f[n_ chni nb_ hcabn& qb_nb_l b_
q[hnm ni il hin& ni _hmol_ nb_ ]cns'g_]b cm
`il omcha g[ac][f il _rnl[jf[h[l _f_g_hnm ch
mn_[g'jiq_l_^ ]ihmnlo]ncih( ;hinb_l j[ln
fc_m ch nbim_ qbi nls ni ]limm nb_ \ioh^[lc_m
^__jchnb_nl[^cncih[f\[mncihmi`>o_lie(Nb_ l_j[cl_^\_`il_cnm_nmichnb_gilhcha(Nb_ i` mn_[g [h^ mj_ff& j[lnc]of[lfs mn_[g g[a_m
]igchai`J[lcfom&qcnbbcmn_]bhc][f^c[al[gm F[qcmqb_h[m]i [qgomn\__r_]on_^`il[ [h^nbim_qcnbmcgcf[l[\cfcnc_m(?mm_hnc[ffs&nb_

.3;?


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f[q cgjim_^ \s nb_ =ih`_^' qcnbch nb_ =ih`_^_l[]s nb[n jlijim_m mig_
_l[]sqcffhin_h^_p_hc`nb_ miln i` j_[]_`of mifoncih ni Ënb_ Clihniinb
jli\f_gm i` nb_ foh[l l[ch jli\f_g(Ì
[l_ ip_l]ig_( Inb_l nbl_[nm Nb_ Mn_hc[h =ih`_^_l[]s ]ihmc^_lm Mb[l
g[sn[e_nb_cljf[]_(;h^mi& Nbct^c]ÎmF_acihni\_[hionlcabnnbl_[n(I '
ih]_'n_gjil[ls m_nnf_g_hnm ]c[ffs& hi ^cjfig[nc] l_f[ncihm _rcmn \_nq__h
[l_ \_]igcha j_lg[h_hn gcfcn[ls nb_Mn_hc[h=ih`_^_l[]s[h^nb_F_acih(Nb_l_
ionjimnm&fiha'n_lgch`l[mnlo]nol_cm b[p_ \__h ohi   ]c[f pcmcnilm \_nq__h \inb
\_cha^_p_fij_^&[h^nb_=ih`_^_l[]s aip_lhg_hnm&biq_p_l&[mq_ff[mmig_^_al__
cm ch]l_[mchafs momjc]ciom i` aliojm i`\[]e']b[hh_f]iggohc][ncih(Ihnb_gil_
qcnbchcnm\ioh^[lc_mnb[n^ihÎn[al__ ]ih`lihn[ncih[f mc^_& mbinm b[p_ \__h ×l_^
nicnmlof_(Gcfcn[lsf[qcmnb_oh^_hc' \_nq__h nb_ nqi `[]ncihm& j[lnc]of[lfs [fiha
[\f_[\mifon_( nb__[mn_lh]fcmh_[lnb__h^f_mmjf[chm(<inb
Qcnb nbcm ch gch^& Mn_hc[h ^cjfi' aip_lhg_hnmmnlcp_nie__jnb_m_ch]c^_hnmni[
g[]s cm [ l[nb_l mcgjf_ mcno[ncih4 i\_s il \_ gchcgog&[mhiih_q[hnm[q[lÊs_n(
johcmb_^( Ip_lqb_fgcha gcfcn[ls gcabn cm CnÎm]f_[lnb[nnb_F_acihb[m[h_rj[hmcih'
nb_mifoncihnigimnjli\f_gm(;]ncihmn[e_h cmn [a_h^[& qbc]b qillc_m nb_ f_[^_lm i` nb_
ch nb_ h[g_ i` l_\ocf^cha nb_ mol`[]_ qilf^& =ih`_^_l[]s( Biq_p_l& nb_s nii _p_hno[ffs
jlin_]nchanb_]cnct_hmi`nb_=ih`_^_l[]s&il qcmb ni _rn_h^ nb_cl il^_l_^ pc_q i` mi]c_ns
^_`_h^cha nb_ ]cns'g_]bm a_h_l[ffs ][h b[p_ nigil_]cnct_hm&[h^[l_]ih]_lh_^[\ionMb[l
hi h_a[ncp_ l_j_l]ommcihm& [m `[l [m nb_ =ih' Nbct^c] [m go]b `il nb_ `[]n nb[n b_ mn[h^m ch
`_^_l[]scm]ih]_lh_^(Nbcm[nncno^_i\pciomfs nb_clq[s[m`ilnb_`[]nnb[nbcmaliqcha\[m_
^i_mhÎn _h^_[l nb_ =ih`_^_l[]s ni cnm h_cab' i`]cns'g_]bmcm[nbl_[n(@ligqb[ncmjo\fc]fs
\ilm(Nb_l_[l_[mg[hsl_m_hn`ofmo\doa[n_mi` ehiqh& cn m__gm nb_ Mn_hc[h =ih`_^_l[]s cm
nb_=ih`_^_l[]s[mnb_l_[l_qcffcha]cnct_hm( gimnfs ]ih]_lh_^ qcnb j[nliffcha cnm \il^_lm
Nb_ Clihniinb =f[hm b[p_ fiha \__h [a[chmn nb_ F_acih& qbcf_ nb_ F_acih g[s \_
pc_q_^ [m ]lcgch[fm [h^ ion][mnm \s nb_ []ncp_fs m_h^cha mjc_m [h^ m[\in_olm chni nb_
=ih`_^_l[]s( ;fnbioab ]_ln[ch [mj_]nm i` Mn_hc[h]cns'g_]bm(
nb_clmi]c_ns[l_f[q`of[h^_p_hl_mj_]n[\f_& Mig_ _f_g_hnm qcnbch nb_ Mn_hc[h =ih'
acp_h nb_cl gih[mnc] b_lcn[a_& nb_s l_g[ch `_^_l[]s \_fc_p_ nb[n Mb[l Nbct^c] mbiof^ \_
ihfsg[dill_m_[l]bch[l][h_g[ac]i]]ollcha ^c   ]ofnnilof_Ênbomnb_=ih`_^_l[]spc_qm [nn[]e_^ hiq( Nb_s pc_q nb_ ]ihmnlo]ncih i`
qcnbchnb_\ioh^[lc_mi` nb_Mn_hc[h=ih`_^' nb_g [m [ jin_hnc[f nbl_[n( Nb_ ]f[hmÎ ionf[q bcm =cns Ecff_l mn_[g ][hhih "m__ j[a_ +,2 i`
_l[]s]ih]_lhmcnm[jjfc][ncihnig_]bm( q[sm [h^ ohjl_]_^_hn_^ jcfincha mecffm g[e_ >l[aihG_]b#[m[h[]ni`q[l(Acp_hnb[nnb_
G_g\_lmi`nb_mj_ff][mncha]f[mm_m[l_l[l_& nb_g `[l gil_ ^[ha_liom nb[h b_fj`of ch Mn_hc[h =ih`_^_l[]s ]oll_hnfs b[m ×p_ ]cns'
\onnb_s^i_rcmn(?p_hnbioabnb_]ofnol[ft_cn' Mn_hc[h_s_m(>igch[nchanb_gil[mmcgcf[ncha g_]bm ]igj[l_^ ni nb_ F_acihÎm nqi& qiof^
a_cmncmgipchaniq[l^mn_[gjiq_l&nb_l_[l_ nb_g m__gm ni \_ cgjimmc\f_& mi nb_ =ih`_^' cnhin\_\_nn_lni[nn[]ehiqqbcf_nb_F_acih
mncffbif^ionm[h^[h[]blihcmnm(Qct[l^m[l_f_mm _l[]sl_milnmniqb[ncnm__m[mcnmihfsijncih4 cmq_[e&l[nb_lnb[hq[cnohncfnb_cl`il]_m[l_
l[l_ nb[h mil]_l_lm& qbi [l_ hiq \_cha \ilh _fcgch[nchanb_g( g[n]b_^9Nb_m_b[qem[l_[pi][fgchilcnsch
qcnb go]b al_[n_l `l_ko_h]s( G[hs mil]_l_lm Chl_[fcns&biq_p_l&nbcm]ih]fomcihg[shin Mn_hc[h aip_lhg_hn& [h^ nb_cl [laog_hnm [l_
mo\doa[n_ nb_cl chh[n_ n[f_hnm ni jolmo_ gil_ \_mimn[le(Gimni`nb_Clihniinb=f[hm^ihÎn m_lciomfs ]ihmc^_l_^5 hi ih_ ^cmgcmm_m nb_g
l_mj_]n_^ ][l__lm [m g_]b di]e_sm il ]iaf[s' b[p_ h_[lfs [m go]b _hgcns `il nb_ Mn_hc[h ionlcabn( C` `ilg[fct_^ ^cjfig[nc] l_f[ncihm
_lm&\ondomn[mg[hsch^ofa_nb_cl[\cfcnc_m(;h^ =ih`_^_l[]s[mih_qiof^_rj_]n(Nb_sl_a[l^ \_nq__hnb_=ih`_^_l[]s[h^nb_F_acih_p_l
nb_]bol]b_mi`nb_if^qilf^&nbioabnb_sb[p_ nb_ Mn_hc[hm domn [m nb_s l_a[l^ _p_lsih_ _fm_ ^i i]]ol& nb_s qcff jli\[\fs \_ach qcnb [ aoh
fimn g[hs `iffiq_lm& mnloaaf_ ih( H_q ]f_lc]m nb_s g__n4 [m ch^cpc^o[f j_ijf_& hin [ mchaf_ \[ll_f(
[l_l_]locn_^&[fnbioab[n[^l[mnc][ffsl_^o]_^ ohcn_^ `il]_( Nb_l_ [l_ `lc_h^mbcjm \_nq__h Nb_ Mn_hc[h =ih`_^_l[]s b[m fcnnf_ ]ihn[]n

+
l[n_( G[ac]'qc_f^cha Mn_hc[hm ][h mncff \_ mig_ Mn_hc[h mol`[]_'^q_ff_lm [h^ h_[l\s qcnbnb_FÎ[lcf_H[ncih(Nl[^cncih[ffs&\inbnb_
`ioh^&\onnb_sÎl_nb_gchilcnsnb_m_^[sm( Clihniinb]f[hmg_h&domn[mnb_l_[l_ij_h]ih' _fp_m[h^nb_^q[lp_mq_l_`[clfschmof[l&_[]b
Øc]nm(Gil_ip_l&nb_Clihniinb=f[hm[l_g[hs ]ihn_hnnil_g[chchnb_clfi][f_mmno^schanb_
[h^ p[lc_^& [h^ _p_h qbcf_ mig_ ^cmfce_ nb_ g[ac] il gchcha nb[n gimn chn_l_mn_^ nb_g(
Mn_hc[hm& inb_lm b[p_ hi ko[ll_f( G[hs Clih' Nb_l_ q_l_ mig_ _[lfs ]ihØc]nm [m _[]b mc^_

<AHDGE9;Q niinb l_mj_]n n[f_hn ch [ff nbcham& _mj_]c[ffs


g_]bjcfincha&[h^nbcmb[mf_^nb_gni[]]_jn
q[mohmol_[\ionnb_chn_l_mnmi`nb_inb_l(<on
hiq nb_ Mn_hc[h =ih`_^_l[]s l_]iahct_m nb_
Mn_hc[hg_]bdi]e_sm`ilnl[chcha[h^diomncha a_h_l[ffs aii^'[fcah_^ chn_l_mnm i` nb_ _fp_m&

N b_ Mn_hc[h =ih`_^_l[]s m__em ni _mn[\'


fcmb il^_l ih nb_ mol`[]_ qilf^ mi nb[n cn
][h ih]_ [a[ch \_ m[`_fs chb[\cn_^( Mch]_ nb_
qcnbch[]f[h(G[hsmo]bg_]bdi]e_sm_p_hno'
[ffs l_nolh ni nb_ =ih`_^_l[]s cff_a[ffs& h_p_l
^cm]ommchanb_clncg_mj_hnqcnbnb_Clihniinb
[h^ ^i_m hin ]ihmc^_l nb_g ni \_ [h _h_gs(
C` [hsnbcha& nb_s [l_ [ fiim_ [ffs [a[chmn nb_
F_acih( Nb_l_ cm i]][mcih[f ]ihn[]n \_nq__h
ch]_jncih i` nb_ =ih`_^_l[]s& \inb fis[fcmnm =f[hm(Nbcmch`ilg[f]limm'jiffch[ncihi`c^_[m nb_nqiaip_lhg_hnm&nbioabhingo]b[]ncp_
[h^ ijjih_hnm b[p_ qih^_l_^ qb_l_ nbcm mfiqfs \ch^m nb_ nqi `[]ncihm& [h^ nb_l_ cm [ ]iij_l[ncih( Mig_ _f_g_hnm qcnbch nb_ =ih'
qcff _h^( Cn cm kocn_ jimmc\f_ nb[n nb_ g[lnc[f mg[ffgchilcnsi`q_ff'l_mj_]n_^g_]bdi]e_sm `_^_l[]sqcmbni_mn[\fcmb[`ilg[f[ffc[h]_qcnb

.3;?


¡ ¢

.3;?


¡ ¢

N[hh[hfc_f&c`ihfsniijjim_Mb[lNbct^c](Nb_ tih_mÌ Ê `olnb_l l_ch`il]cha nb_ g_]b^igÎm ^_fc][n_ jli\f_g( Ch nb_m_ ][m_m nb_ =ih`_^'
mfiqfs aliqcha hih'^q[lp_h gchilcns qcnbch \ioh^[lc_m(Nb_m_×p_[l_[m[l__[]b[jjlirc' _l[]s i`n_h ]ihncho_m ni jlin_]n nb_ ]ig'
nb_=ih`_^_l[]sb[mb_fj_^[^p[h]_nbcmchn_l' g[n_fs .*&*** mko[l_ gcf_m ch mct_& mjl[qf_^ gohcns& bijcha cnm f_[^_lm qcff ]ig_ [lioh^
_mn [giha nb_ nl[^cncih[ffs chmof[l ^q[lp_h ioncll_aof[lfs[]limmnb_Ø[nf[h^m(Mch]_]cns' ih]_ nb_s l_]iahct_ nb_ p[fo_ i` \_cha j[ln
g[dilcns(Qb[nqcffb[jj_hl_g[chmni\_m__h( g_]bm][hnl[p_fal_[n^cmn[h]_mch[^[s&nb_m_ i` nb_ =ih`_^_l[]s( <on hin [ff mcno[ncihm [l_
; `_q mj_]c[f l_f[ncihmbcjm [l_ qilnb g_h' [l_[m [l_ j[nliff_^ l_aof[lfs \s nb_ ]cns'g_]b l_mifp_^ mi j_[]_`offs5 gil_ nb[h ih_ ip_l'
ncihcha( Nb_ =ih`_^_l[]sÎm l_f[ncihmbcj qcnb cnm_f`il\sj[nlifmi`mg[ff_lg_]bm( t_[fiomg_]bj[nlifb[m^ih_`[lgil_^[g[a_
>o_lie cm [ fihamn[h^cha [h^ ohomo[f ih_& [m Cnn[e_m[]cns'g_]b[\ionih_gihnbni]ip' nb[hcnmbiof^b[p_ni[]iggohcnsnb[nmcgjfs
b[m[fl_[^s\__h^cm]omm_^(Nb_=ih`_^_l[]sÎm _lcnmj[nlif[l_[&qbcf_mg[ff_lj[nlifm`l_ko_hn qcmb_^ni\_f_`n[fih_(Nb_l_[l_hiq^it_hm
l_f[ncihmbcjqcnbnb_A_[lqlcabnmAocf^cm[fmi m_nnf_g_hnm [h^ jijof[ncih tih_m _p_ls `_q i`oh^_lalioh^m_nnf_g_hnm[]ncp_fsm__echani
^cmnch]ncp_(Nb_A_[lqlcabnmAocf^b[m_rcmn_^ ^[sm(Hin_&biq_p_l&nb[n[fnbioab[]cns'g_]b oh^_lgch_qb[nnb_sm__[mnb_nsl[hhc][flof_
`il gcff_hhc[& \on iq_m cnm ]oll_hn ch][lh[' gip_m l_aof[lfs nblioabion cnm m[`_ tih_& cnÎm i`nb_Mn_hc[h=ih`_^_l[]s(
ncih ni nb_ ^cl_]n [mmcmn[h]_ i` \inb >o_lie kocn_jimmc\f_nb[ncnml_aof[lgip_g_hnmqcff G[hs m_nnf_g_hnm b[p_ m_[mih[f jijof['
[h^ nb_ Mn_hc[h =ih`_^_l[]s( Gil_ip_l& nb_ h_p_l\lchacnqcnbchmcabni`go]bi`cnmn_llc' ncihm nb[n n_h^ ni mq_ff qcnb l_`oa__m qb_h
A_[lqlcabnmAocf^n_]bhc][ffsiqhm]cns'g_]b nils(Domn[mfce_fscmnb_`[]nnb[nnb_]cns'g_]b [ ]cns'g_]b cm ^o_ ni mnij \s( Nb_l_ cm h_p_l
H_^^_ljce&[h^n[e_m[h[]ncp_lif_chnb_aip' qcff \_ qcnbch mcabn i` ]_ln[ch [l_[m ih [ `[clfs [ mbiln[a_ i` ch^cpc^o[fm m__echa j[mm[a_ il
_lhg_hni`gimn]cns'g_]bm(Nb_A_[lqlcabnm l_aof[l\[mcm&\onh_p_lpcmcnnb_g^cl_]nfs( _gjfisg_hnih[]cns'g_]b(Nb_g_]bmg[e_
Aocf^ ][h [fgimn \_ nbioabn i` [m [h _rnl[ Qcnbch nb_ Mn_hc[h'j[nliff_^ m[`_ tih_m& l_aof[l mnijm [fiha nb_cl lion_& [h^ l_`oa__m
\l[h]b i` Mn_hc[h aip_lhg_hn& ]ih]_lh_^ boh^l_^mi`m_nnf_g_hnm[h^q[smn[ncihmb[p_ n_h^ni`iffiqnb_g`ligmnijnimnijchbij_m
_r]fomcp_fsqcnbnb_a_[l'^lcp_h[lnm(Nb_l_[l_ mjlohaoj(Jijof[ncihmct_mn_h^nip[lsal_[nfs nb_sÎff\_×lmnchfch_nil_jf[]_[^cm_g\[lecha
hiehiqhjo\fc]^cmjon_m\_nq__hnb_Mn_hc[hm [gihanb_m_m_nnf_g_hnm&mch]_nb_foh[ll[ch ]cnct_h[n_[]bmnij(Nb_Mn_hc[h=ih`_^_l[]s

+
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^oa[mg[ff][gjoh^_lnb_li]emb_f`&[h^ip_l
m_p_lcns i` nb_ foh[l l[ch& mi nb_cl ionjimnm
]b[ha_fi][ncihmm_p_l[fncg_m_[]bs_[l(Gil_
nb[hqcnb[hsinb_lm[`_tih_&nb_m_m_nnf_g_hnm
`iffiqg_]bj[nlifm&qb_l_nb_s[l_[\f_nil_fs
ihnb_jl_m_h]_i`nb_gcfcn[ls`ilm[`_ns(
Bog[hm[l_l_f[ncp_fsl[l_ihnb_Ø[nf[h^m&
\onnb_[l_[hiqj[nliff_^\sNbolihq[mih]_
nb_cl al_[n_mn jichn i` ]ih]_hnl[ncih nb_l_(
Mig_ i` nb_ hig[^c] nlc\_m i` nb_ _h^f_mm
i`Fie'mn_[^&cncm]fim_ninb_]fcm\il^_lcha nb_ s_[lm cn al_q chni [ \omnfcha m_nnf_g_hn( jf[chm b[^ gcal[n_^ ni nbcm [l_[ ip_l s_[lm i`
nb_il]'[h^bog[h'ch`_mn_^_h^f_mmjf[chm5cn J_lg[h_hn big_m [h^ \ocf^cham b[p_ mch]_ h[nol[f nl[hmcncih& jimmc\fs [nnl[]n_^ \s nb_
f[]em h[nol[f cgj_^cg_hnm fce_ nb_ giohn[chm \__h_l_]n_^oh^_lnb_mb_f`i`li]enb[nacp_m mnl[ha_ mcabn i` nb_ Al_[n Mn[h^cha >q[l`&
[\ip_ >o_lie5 [h^ cnÎm ]fim_ ni nb_ l_g[chm nb_Mb_fn_lcnmh[g_(Nb_m_mnlo]nol_m[l_\ocfn qbc]bfc_mihnb_`lcha_mi`Nbolih'>ig(Qcnb
i` nb_ q_mn_lh `il_mnm qb_l_ g[hs Clihniinb `lig m]l[jm i` qii^& g_n[f& mnih_& [h^ inb_l nb_ ]igcha i` nb_ foh[l l[ch& nb_m_ hig[^c]
=f[hmij_l[n_( l[qg[n_lc[fmnb[nnb_l_mc^_hnmb[p_g[h[a_^ nlc\_m f[la_fs l_nl_[n_^ ni nb_ _h^f_mm jf[chm
Ch `[]n& H_^^_ljceÎm Li[g cm ih_ i` nb_ nim[fp[a_`lignb_mol`[]_(H_^^_l' ilq_l_^_mnlis_^&\onnb_l_l_g[ch[f[la_
jichnmqb_l_nl[p_f`lignb__h^f_mmjf[chmni jce mnijm [n nb_ Mb_fn_l i` N[[m hog\_l i` nb_g l_f[ncp_ ni nb_ nl[^c'
nb_Ø[nf[h^mcm_[mc_mn(Nb_]fcmhilnbi`?^a_ ih[m_gc'gihnbfs\[mcm&[h^ ncih[f jijof[ncihm i` ^q[lp_m [h^
[l_f[]_^qcnbbc^^_hnl[cfmom_^\sa_h_l[ncihm mn[ncihm[l_m_lp_l_acg_hn ahig_m(
i` g_l]b[hnm [h^ `l_cabn_lm& g[hs i` qbc]b nb_l_( Nb_ mif^c_lm b[p_ Nbolih'>ig cm hiq g[le_^
b[p_mch]_\__h_rj[h^_^ninb_jichnqb_l_ \__hmn_[^cfs_rj[h^cha \snb_`[]nnb[nnb_l_[l_gil_
[g_]b][hhiqm][f_nb_g"m__>l[aihG_]b& nb_ ][p_ h_nqile qcnb Clihniinb =f[hm []ncp_ ch cnm
j[a_+0,#(Hiqnb_m_nl[cfm[l_om_^\sl[c^_lm& nb_ ai[f i` _p_hno[ffs [l_[nb[h[hsqb_l__fm_chnb_
l_`oa__m& hig[^m& [h^ m][p_ha_lm& gimn i` ^caachaion[b[ha[l\ca Mn_hc[h =ih`_^_l[]s( G[hs i`
nb_gbijchani×h^q_[fnb[h^`ilnoh_[nnb_ _hioab `il m_p_l[f j[nlif nb_ =f[hm b[p_ [mmcgcf[n_^ nb_
_rj_hm_i`nb_Mn_hc[h=ih`_^_l[]s(;hihai' g_]bm( Nb_ Mb_fn_l i` N[[m l_g[chmi`nb_bog[hnlc\_mnb[n
chagcmmcihi`H_^^_ljceÎmgcfcn[ls][gj[cahcm cm [ ]iggih ^_mnch[ncih `il ih]_ q[fe_^ nbcm [l_[( Nb_ =f[hm
nimnijnb_chØor`lignb__h^f_mmjf[chm(H_^' g_l]b[hnm& nl[p_f_lm& [h^ [^p_h' l[ha_ `lig j[mmcp_ [h^ cmif[ncihcmn ni
^_ljceÎmg_]bØ__nmch]fo^_[aliqchahog\_l nol_lm[fce_( []ncp_fs ijjimcha nb_ =ih`_^_l[]s( Qbcf_
i` ]l[a mnlc^_lm "m__ G_]b G[ho[f& j[a_ 1#& Qcnbch nb_ boh^l_^'i^^ gcf_m i` ]fcmc^_ nb_gcfcn[lsi`Fie'mn_[^^_[fmgimnfsqcnbl_`'
qbc]b[l_om_^nij[nlifnb_]fcmc^_[l_[m( j[nliff_^\sH_^^_ljce&nb_l_cmlogil_^ni\_ oa__m[h^^cmi\_^c_hnm_nnf_g_hnm&[h^j[nlifm
H_^^_ljceÎm Li[g cm big_ ni lioabfs nb_ [nlc\_i`ac[hnmnb[nqilmbcjmnb_foh[lai^m(Cn `ligH_^^_ljceÎmLi[gmj_h^gil_ncg_]b[m'
m[g_ jijof[ncih [m Fie'mn_[^& \on m_nnf_' b[mfiha\__hmolgcm_^nb[n[foh[lai^ih]_ cha ^iqh mg[ff \[h^m i` chp[^_lm il mifcn[ls
g_hnm [l_ `olnb_l [j[ln [h^ nb_ l_mc^_hnm [l_ ^_m]_h^_^`lignb_b_[p_hm[h^]ihp_ln_^nb_ gihmn_lm nb[h [hsnbcha _fm_& g_]b jcfinm i`
_hnl_h]b_^ f_mm ^_hm_fs( G_]b j[nlifm [l_ `[l ac[hnmchni\_fc_p_lm(Hiih_b[m[]no[fjlii` Nbolih'>ig mn[ln \[nnfcha inb_l g_]bm `lig
gil_ `l_ko_hn& ]ip_lcha [ go]b qc^_l n_llc' nb[nnb_ac[hnm_p_h_rcmn&\onlogilm[\ioh^ nb_ p_ls \_achhcham i` nb_cl ][l__lm( <_cha
nils&[h^_p_lsih_i`nb_gb[mm__hcnmmb[l_ i` ^_[^fs ]ih`lihn[ncihm qcnb ac[hn ]f_lc]m mn[ncih_^ihNbolihcm]ihmc^_l_^[aii^mn[ln
i`[]ncih( \_[lcha nb_ bifs msg\ifm i` nb_ foh[l ai^m( ni [ g_]b di]e_sÎm ][l__l& \on [fmi [ j_lcfiom
Liffcha bcffm& loch_^ `il_mnm& [h^ ]fcmc^_ ;^p_hnol_lmqbib[p_m_nionni×h^nb_gb[p_ ih_5 g_]b di]e_sm i` Nbolih ilcach b[p_ [
n_ll[ch jlipc^_ h[nol[f mb_fn_lm `il mol`[]_ hinl_nolh_^(Gimn[^p_hnol_lm]ih]fo^_nb[n fiq_lmolpcp[fl[n_nb[hg[hsinb_lm&\onnb_s
^q_ff_lm ch H_^^_ljceÎm Li[g( Biq_p_l& nb_ac[hnm[l_gimnfce_fsmnih_ac[hnm&\onfoh[l [^p[h]_gil_koc]efs[h^[l_ch_pcn[\fs\_nn_l
gihmn_lm[h^l[c^_lm[l_domn[mfce_fsnim__e m]bif[lm\_fc_p_nb_sg[s[]no[ffs\_nb__fomcp_ jcfinmnb[hnb_cl]iohn_lj[lnmqcnbmcgcf[ln_h'
mb_fn_l[gihanb_g[m[hsih__fm_(M_gc'j_l' foh[lac[hnm"m__G_]bG[ho[f&j[a_1#(Mig_ ol_ihinb_l]cns'g_]bm(Gihnb[`n_lgihnbi`
g[h_hn m_nnf_g_hnm i` [ff l[]_m ^in nb_ bcffm mnilsn_ff_lm_p_h]f[cgnb[n[foh[ln_gjf_b[m mn_[^s]f[mb_mqcnbnb_Clihniinb=f[hmqcff^i

-
i` H_^^_ljceÎm j[nlif& \on `_q molpcp_ gil_ \__h]ihmnlo]n_^mig_qb_l_qcnbchnb_]fcm nb[nnisio(
nb[h[m_[mihilnqi\_`il_nb_s[l_^_mnlis_^( qb_l_nb_ac[hnml_mc^_( Nb_q_mn_lhl_[]b_mi`Nbolih'>ig&qb_l_
Mig_ncg_m nb_ ^_mnlo]ncih cm ^o_ ni [fc_h g_]b meclgcmb_m [l_ gimn ]iggih& [h^ [l_
ch]olmcih il nb_ foh[l l[ch& \on gil_ i`n_h l_`_ll_^ni[mËnb_g_]bal[p_s[l^(Ì<olhn'ion
nb[hhincnÎmch×abnchailchp[mcihnb[n^i_mnb_ g_]bbofem^innb_f[h^m][j_b_l_&n_mn[g_hn
nlc]e4 ?cnb_l nb_ ^_hct_hm \c]e_l ip_l fcgcn_^ NBOLIH'>IG ni s_[lm i` ]ihmn[hn \[nnf_m( Nb_l_Îm [ `ilnoh_
mj[]_&ilj[mmchacnch_l[hnmnlsnimn[e_[]f[cg q[cnchani\_g[^_chm[fp[a_^g_n[fj[lnm&\on
ni [fl_[^s'i]]ojc_^ n_llcnils( Mig_ncg_m ih_
j[lnsilnb_inb_lgip_mihl[nb_lnb[h×abn&
\on inb_l ncg_m nb_l_ [l_ ][mo[fnc_m( Bimncf_
N bolih'>ig cm nb_ j[nliff_^ m[`_ tih_ i`
nb_ ]cns'g_]b Nbolih( Nbolih ]igg[h^m
[ f[la_ [l_[ ni nb_ hilnb i` >o_lie [h^ q_mn
acp_h nb_ l_aof[l ch]olmcihm i` nb_ Clihniinb
=f[hm&gimnm[fp[a_lmqiof^jl_`_lnijfsnb_cl
nl[^_chm[`_l[l_[m(;h_p_hgil_^cl_]nnbl_[n
_h][gjg_hnm i` [ff milnm Ê g_]b nlc\_m& lomn i` H_^^_ljceÎm Li[g nb[n cm big_ ni [ al_[n cmnb_aliojmi`Ëg_]b'l[nm&Ì\[h^mi`bog[h'
lc^_lm&Clihniinb]f[hm&_p_hil]mill_\_ffciom hog\_li`mol`[]_^q_ff_lm(M_nnf_g_hnm_rcmn ic^ \[l\[lc[hm qbi fcp_ ch nb_ gimn \lie_h
bog[hm ih i]][mcih Ê [l_ ]ihmn[hnfs \_cha nblioabionnb_tih_&nbioabh_[lfs_p_lsih_ l_gh[hnmi`nb_g_]bal[p_s[l^(
l_j_ff_^ \s nb_ gcfcn[ls( Biq_p_l& cn cm h_[lfs i`nb_gcmhig[^c](Nb_l_mc^_hnmi`Nbolih' Cn cm hi m_]l_n nb[n nb_ g_]b'l[nm ^_mjcm_
cgjimmc\f_ ni ^cm]iol[a_ nb_cl l_mola_h]_ >ig n_h^ ni gip_ qcnb nb_ m_[mihm [h^ nb_ nb_ Mn_hc[h =ih`_^_l[]s& nbioab nb_s f[]e

.3;?


¡ ¢

nb_ hog\_lm il ila[hct[ncih ni \_ [ nbl_[n( mn[h^[l^m i` H_^^_ljce il >ola[h'fie& cn cm Mn_hc[haif^oh^_l[hinb_lh[g_(
Nb_ g_]b'l[nm [l_ nb_ qilmn miln i` l[\\f_( mifc^fs ^_mcah_^ [h^ q_ff ]ihmnlo]n_^( Mch]_ Nb_ [^p_hnol_lm aocf^ [fmi m_ffm m[fp[a_
Nb_ Clihniinb =f[hm a_h_l[ffs cahil_ nb_g( cn q[m \ocfn [`n_l nb_ Mn_hc[h =ih`_^_l[]s j_lgcnm& qbc]b ][h ihfs \_ []kocl_^ ch inb_l
Mn_hc[hg_]bj[nlifm[l_i]][mcih[ffs[nn[]e_^ b[^`ilg[ffs]ig_chni_rcmn_h]_[h^m_p_l_^ tih_m nblioab ^_[fcha qcnb f[s_lm i` \ol_[o'
\s lipcha \[h^m i` g_]b'l[nm& \on l[l_fs qcnb nc_m ni >o_lie& cn cm ]ig`iln[\fs fis[f ni nb_ ]l[]s il b[pcha aii^ ]ihh_]ncihm( ; m[fp[a_
[hsmo]]_mm(Ihnb_inb_lb[h^&m[fp[a_]l_qm Mn_hc[hm( j_lgcn]imnm,**ajj_ls_[l&jfom[n[ri`+*
\l[p_ _hioab ni lcme nb_ Clihniinb =f[hm [h^ ;^p_hnol_lm ×h^ ]ihmn[hn qile ch Nbolih' i` [ff jli]__^m `lig m[fp[a_^ g[n_lc[fm& [h^
[nn_gjn ni ]iff_]n j[lnm qcnbch nb_ al[p_s[l^ >ig(Nb_]cns'g_]bcmnb_ihfsih_nib[p_[ _hncnf_mnb_\_[l_lnim[fp[a_[hshih'Mn_hc[h
[l_ mig_ncg_m ecff_^ \s nb_ g_]b'l[nm& qbi `ilg[ffs _mn[\fcmb_^ [^p_hnol_lm aocf^& ]b[l' g_]bm^_mnlis_^\s[Mn_hc[hj[nlif(M[fp[acha
×abnb[l^nijlin_]nnb_clbig_m( n_l_^\snb_Mn_hc[h=ih`_^_l[]s&qbc]b[mmcmnm i]]olm ih [ ×lmn']ig_& ×lmn'm_lp_ \[mcm& qcnb
Nb_gcfcn[lscml[l_fs]ih]_lh_^qcnbnb_m_ [^p_hnol_lm ch ×h^cha mjihmilm [h^ fo]l[ncp_ [p[cf[\f_ g[n_lc[fm mjfcn \_nq__h [ff nbim_ ih
gchil[nn[]em(>cm\[h^chanb_g_]b'l[nmm__gm ijjilnohcnc_m& [m fiha [m nb_cl _ilnm `olnb_l mcn_ jimm_mmcha m[fp[a_ j_lgcnm( Cn cm f_a[f `il
h_[lfs cgjimmc\f_( Hi miih_l cm [ g_]b'l[n nb_ al_[n_l ai[fm i` nb_ Mn_hc[h =ih`_^_l[]s( mig_ih_ qcnb [ m[fp[a_ j_lgcn ni om_ `il]_
nlc\_ ^_mnlis_^ nb[h inb_l mko[nn_lm gip_ ch( Ch a_h_l[f& [hs n[me nb[n ijjim_m foh[l ]l_[' ni fcgcn nb_ []]_mm i` nbim_ qcnbion m[fp[a_
Fo]ecfs& nb_ g_]b'l[nm m__g ]ihn_hn ni fcp_ nol_m il nb_ Clihniinb =f[hm `[ffm mko[l_fs j_lgcnm( N_]bhc][ffs& m[fp[a_ j_lgcnm [fmi
[gihanb_g_]bml[nb_lnb[hl_j[clnb_g[h^ qcnbchnb_]b[ln_li`nb_[^p_hnol_lmaocf^(Nb_ _hncnf_nb_\_[l_lnim[fp[a_[hsnbcha^_mnlis_^
om_ nb_g `il \[nnf_( G_]b'l[n mi]c_nc_m [l_ aocf^]b[la_m[higch[fg_g\_lmbcj`__i`+* \s [ Mn_hc[h j[nlif& ch]fo^cha nb_ \i^s j[lnm
omo[ffsg[^_oji`ion][mnm[h^`oacncp_m`lig ajj_l[hhog&`ilqbc]bcnjlipc^_mjf[]_g_hn i` foh[l ]l_[nol_m& \on nbcm f[nn_l ][n_ails cm
[ff ip_l nb_ =ih`_^_l[]s& qbi nl[p_f ni nb_ qcnb mjihmilm il f_[^m ih jlimj_]ncp_ [^p_h' l[l_fs_r_l]cm_^(
q_mn_lh l_[]b_m i` Nbolih'>ig mj_]c×][ffs nol_m(Gimni`cnmmjihmilm[l_ch`[]nMn_hc[h Nb_ ih]_'bcab ]ih]_hnl[ncih i` hig[^c]
\_][om_cnÎmlogil_^ni\_ih_i`nb_q_[e_mn gcfcn[ls ]igg[h^_lm qbi h__^ [^^cncih[f bog[hnlc\_m&[h^nb_hiq'bcab]ih]_hnl[ncih
[l_[mi`Mn_hc[h]ihnlif( [mmcmn[h]_ ionmc^_ nb_ [p[cf[\f_ g[hjiq_l i` i` g[l[o^cha Clihniinb \[h^m& b[m f_^ gimn
Nbolih cnm_f` cm [ `[clfs gi^_lh ]cns'g_]b( nb_cl gcfcn[ls `il]_m5 go]b i` nb_ aif^ ]b[h' i` nb_ m_nnf_g_hnm ch Nbol[h'>ig ni [^ijn [
Nbioab hin oj ni nb_ m_]l_ncp_ A_[lqlcabn h_f_^nblioabnb_[^p_hnol_lmaocf^cm[]no[ffs gcal[nils fc`_mnsf_( Mig_ gip_ qcnb nb_ m_['

.3;?


¡ ¢

mihm&inb_lmgip_^[cfs&\on[fgimn[ffgip_[n mol`[]_ ^q_ff_lm( Nb_l_ [l_ [fgimn hi mol`[]_ Ë\il^_lmÌi`nb_[l_[mnb_s]f[cg&[m[q[lhcha


f_[mnm_p_l[fncg_m[s_[l( m_nnf_g_hnm i` [hs mct_( L_`oa__m ch Ailc[ ni[hsg_]bnb[nmn_jjchaj[mnnb_pcmc\f_noh'
Nb_ f[la_mn mo]b Ëgi\cf_ ]cnsÌ cm N[ofa_l& L_cah fcp_ `lig b[h^ ni gionb [h^ [l_ l[l_fs h_fm\lchamnb_lcmei`jfohachanblioabbc^^_h
[ ginf_s ]iff_]ncih i` b[f`'ql_]e_^ g_]bm& gil_nb[hli[gcha\[h^mi`\_aa[lm( mo\mol`[]_\olliqm(
q[aihm& [h^ Ëqilg \oaac_mÌ niq_^ \s ac[hn Nb[nm[c^&nb_l_[l_m_p_l[ff[la_m_nnf_g_hnm Nb_ Mn_hc[h =ih`_^_l[]s chcnc[ffs pc_q_^
qilgm nl[ch_^ ni mn[s h_[l nb_ mol`[]_( Gimn ch Ailc[ L_cah& \on nb_sÎl_ [ff oh^_lalioh^ P_lgcf [m [hinb_l _]]_hnlc] m_nnf_g_hn nb[n
i`nb_ncg_&N[ofa_lfiiemfce_[^cmb_p_f_^n_hn [h^ ionmc^_ nb_ ^ig[ch i` nb_ Mn_hc[h =ih' `il mig_ mnl[ha_ l_[mih l_d_]n_^ cnm i_lm
]cns&\on_p_lsmii`n_hnb__hncl_]cnsjc]emoj `_^_l[]s( Gimn hin[\fs& Ailc[ L_cah cm big_ i` m[`_ns [h^ m_]olcns& \on hiq ]ihmc^_lm nb_
[h^gip_m(Nb_Ëf_[^_lmÌi`N[ofa_l[l_nb_×p_ niP_lgcf&nb_qilg]cns&[h^nb_=ih`_^_l[]s qilg]cns[hionlcabn_h_gs(Nb_qilg`[lg'
\[l_fs `oh]ncih[f doaa_lh[on g_]bm nb[n jli' b[mb[^nlio\f_^_[fchaqcnbnbcmmnl[ha_jf[]_ _lm[l_[]ncp_fsm__echanil_^o]_nb_n_llcnils
pc^_gimni`cnm^[s'ni'^[sm_]olcns(Nb_m_[l_ mch]_nb_p_ls\_achhcha( [p[cf[\f_niAilc[j[nlifmqbcf_^ichahinbcha
if^_lgi^_fml_h^_l_^i\mif_n_[h^m]l[jj_^ P_lgcf cm [h oh^_lalioh^ ]cns ][lp_^ `lig qb[nmi_p_l ni jlin_]n nb_ [l_[ nb_gm_fp_m(
\snb_Mn_hc[hm&\onl_nli×nn_^[h^l_\ocfn\s nb_ \_^li]e \s ac[hn qilgm [h^ i]]ojc_^ \s Nbcm`olnb_l[gjfc×_mnb_jli\f_gm][om_^\s
mig__hn_ljlcmcha]iaf[s_lmqcnbgil_n_]bhc' nb_`[lg_lmqbin_h^nb_m_qilgm(Qilg`[lg' nb_ foh[l ^l[aihm& qbi [l_ [\f_ ni fcp_ l_f['
][fmecffnb[hmojjfc_m( _lm b[p_ \_]ig_ jlial_mmcp_fs gil_ ]iggih ncp_fsohgif_mn_^[\ip_nb_[l_[m^_g[l][n_^
Hiq nb_ doaa_lh[onm e__j nb_ l_mn i` nb_ ip_lnb_^_][^_m[mmol`[]_fc`_b[m\__h`il]_^ \sqilgnohh_fm(
m_nnf_g_hnm[`_&chgil_q[smnb[hih_(Qb_h ni [^[jn ni nb_ foh[l l[ch( P_lgcf ][g_ [\ion Ailc[ b[m l_]_hnfs chmncnon_^ [ jlial[g i`
nb_foh[ll[cha_nm\[^&nb_s_l_]n[g[e_mbc`n [mmig_nbchai`[mnl[ha_]ich]c^_h]_&qcnbhi []ncp__ha[a_g_hni`nb_qilg`[lg_lm(?p_ls
Ëlii`Ì i` clih jf[hem [h^ mnion ncg\_lm boha l_[f jf[hhcha il `il_nbioabn5 qb_nb_l cn q[m [nn_gjn_^_rj[hmcihi`qilg`[lg_ln_llcnils
`lig nb_ [lgm i` nb_ ×p_ g_]bm& qbc]b ][h ^o_ ni nb_ qilgm il nb_ `[lg_lm cm ohehiqh& ip_l nb_ j[mn s_[l b[m \__h g_n qcnb [ ]ioh'
mb_fn_lh_[lfs/**bog[hm[h^^q[lp_mchnb_ \onmig_biqcn\_][g_[jichni`]ih]_hnl[' n_l'[nn[]e(Ailc[m_h^mnohh_fq[l^_hmoh^_l'
p_ls& p_ls ]l[gj_^ mj[]_ \_fiq cn( N[ofa_l& ncih`ilqilg'\[m_^fc`_chnb_Ø[nf[h^m( alioh^ni\fi]enb__m][j_i`nb_`[lg_lm&nb_h
h[g_^`ilnb_gimnjijof[li`nb_×p_]iaf[s' P_lgcfcm[mnl[ha_jf[]_×ff_^qcnbmnl[ha_ `iffiqmojqcnb_[lnb\l_[e_lg_]bmmojjiln_^
_lm qbi jcfin nb_m_ ×p_ doaa_lh[onm& gip_m j_ijf_[^[jn_^nifc`_qcnbnb_cl[hh_fc^]b[la' \s ch`[hnls [h^ ]l[a mnlc^_lm& jfom f[h]_lm [h^
qb_h_p_lnb_]cns'g_]bNbolihaliqmmg[ffih _m(Chl_a[l^mninb_Mn_hc[h=ih`_^_l[]s[h^ doaa_lh[onmqb_hnb_s][h×nnblioabnb_noh'
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e__j nb_ ]cns'g_]b ch mcabn& jlipc^cha [ g_[' ^_p_fijcha gcfcn[ls mnl_hanb( Hi Mn_hc[h
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f[l ni N[ofa_l& omo[ffs hi gil_ nb[h hig[^c] \s mig_nbcha mi fiqfs [m [
\[h^m nb[n m_n oj mbij qb_l_p_l nb_ m[`_mn qilg `[lg_l& \on nb[n ^[s
jf[]_`ilnb_hcabn][h\_`ioh^(Nb_m_li[g' b[m ]ig_( ; g_]b nb[n
cha\[h^ml[l_fsmn[schjf[]_gil_nb[h[`_q mn_jm chni [ mo\mol`[]_
^[sm( Mnlo]nol_m [l_ omo[ffs [lgil_^ q[aihm qilgnohh_fomo[ffs`[ffm
il [h i]][mcih[f g_]b mollioh^_^ \s n_hnm( nblioab oj ni cnm eh__
Mig_\[h^m[]no[ffs[pic^nb_gcfcn[lsj[nlifm il_p_hbcj5a_nnchaion
mi nb_cl \f[]e g[le_n q[l_m ][h \_ mif^ gil_ i` mo]b [ jl_^c][g_hn

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ij_hfs(=ihnl[\[h^cm_[msnijli]ol_chnb_m_ ][h n[e_ biolm il ^[sm&
jf[]_m( il _p_h fiha_l c` nb_
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A ilc[ L_cah cm nb_ mionb_lhgimn j[nlif


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cha Ailc[ L_cah [l_ mj[lm_ \[h^m i` hig[^c] Nb_s^capcmc\f_qilgnohh_fm[nnb_

.3;?


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qbs nb_sÎl_ [nnl[]n_^ ni nb_ [l_[& \on nb_s Fie[aÎm Nblih_ cm nb_ ihfs Mn_hc[h tih_ `lignb_foh[ll[ch(
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ni _rcmn ih nb_ ]ihnch_hn(# Cn b[m qih _p_ls qcnb nb_ =ih`_^_l[]s [h^ []]_jn cnm lof_& g_]bm [l_ i`n_h om_^ `il nb_ ]ihmnlo]ncih i`
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+
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cn ]iof^ [nn_gjn ni _rj[h^ cnm n_llcnils qcnb [l_`[clfs]iggih[fihanb__[mn_lh]fcm&\on
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J[nlifm ch nb_ Ailc[ L_cah _h]iohn_l
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nb_cl ai^m9 ;l_ nb_ qilg `[lg_lm oh^_l nb_ `ligFie[a(Nb_m_m_nnf_g_hnm[l__mm_hnc[ffs Mn_hc[h =ih`_^_l[]s cm chØo_h]_^ \s bcm

-
chØo_h]_i`[foh[l]ofn9 gcfcn[ls \[m_m _mn[\fcmb_^ [h^ g[chn[ch_^ \s l_f[ncihmbcjmni[ffi`nb_m__f_g_hnm&[mchaf_
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Fie[aÎm Nblih_ ni \_ [ jin_hnc[ffs ^[ha_liom gcfcn[ls( Gcfcn[ls ^i]nlch_ [h^ mnlo]nol_ `ilg
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FIE;AÎMNBLIH? [l_q_f]ig_nin[e_l_`oa_qcnbchnb_m_m_nnf_' `_^_l[]sgomn`i]om×lmn[h^`il_gimnihnb_
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N b_ ]cns'g_]b Fie[a j[nlifm nb_ hilnb_lh'


gimnm[`_tih_i`nb_=ih`_^_l[]s(Fie[aÎm
Nblih_ cm f[la_fs [ \il^_lf[h^ qb_l_ ^[ha_lm
nb_cl \_mn \_b[pcil \s nb_ _rn_hmcp_ gcfcn[ls
jl_m_h]_qcnbch_[]bniqh(
?[]bi`nb_nbl__j_lg[h_hnm_nnf_g_hnmcm
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A_[lqlcabnmAocf^(Ionmc^_ila[hct[ncihmqcnb q_l_ mnlc]n [h^ b[lmb& [h^ a_h_l[ffs _h`il]_^ g[sb[p_[fiq_ll[henb[h[hinb_lmif^c_li`


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N b_ gcfcn[ls ^igch[n_m fc`_ qcnbch nb_


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.3;?


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chni bcm p_h_l[\f_ s_[lm& [h^ q[m l_jon_^ ni L[heChmcahc[m _l[ffshi`lc]ncih\_nq__hnb_^c_l_hngcfcn[l'
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lc_h]_^ mif^c_lm qbi b[p_ jlip_h nb_gm_fp_m g_]bjcfinm[^ilhnb_clg_]bqcnb[]]_hnmch l_f[ncihmih\i[l^nb_g_]b(Nb_s[]n[m[fi][f
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ilc_hn_^ ]f[mm_m( Nb_m_ ^[sm& g_]b ]ig\[n >_`_hm_ cm l_mjihmc\f_ `il ^_`_h^cha nb_ [l_[`l__i`^[ha_l(Nb_G';^cpcmcihcmch]ih'
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q[mehiqh`ilecffcha^l[aihmchmchaf_]ig\[n& ncp_ joljim_m& [ff i` nb_ gcfcn[ls cm a_h_l[ffs G_]b[hct_^ ;mm[ofn i]_lm q_[l [ ]cl]f_
mf[scha ac[hnm \s nb_ boh^l_^m& [h^ l_jon_^fs [mmog_^ni\_ih_f[la_ila[hct[ncih(I]_lm [lioh^ nb_cl l[he chmcahc[( Gimn [l_ g_]b
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.3;?


¡ ¢

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N b_ >l[aihG_]b ohcnm [l_ [ mj_]c[f


`il]_m m_]ncih i` nb_ Mn_hc[h gcfcn[ls
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i` m]c_h]_ il _hach__lcha& \on A_[lqlcabnm

.3;?


¡ ¢

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? p_ls A_[lqlcabn b[m jlip_^ bcm il b_l


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.3;?


¡ ¢

mo\il^ch[n_m ch^cpc^o[ffs ch ]ih×^_hnc[f ]ih' nb_cl bif^cham [l_ jlin_]n_^ `lig ionmc^_lm( Qb_h nb_s b[p_ nb_ j[nc_h]_ ni mcn nblioab [
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.3;?


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gcmn[e_ nb[nÎm \__h g[^_ g[hs ncg_m \_`il_( nb_gcfcn[lsÎmm_]l_njifc]_b[p_mnijj_^_p_ls mb[lchap_lsmg[ff\oheliigm(@il^q[lp_mnbcm
Chnb_m_][m_m&nb_g_]bØ__nl_g[chmih\i[l^ [nn_gjn( cml[l_fs[]ih]_lhmch]_nb_smj_h^[al_[n^_[f
Ê [h^ >ola[h'fie mcgjfs n[e_m [ mn_j ch nb_ >ola[h'fie mn[h^m /** `__n n[ff( Nb_ qbif_ i`nb_clfcp_mchmo]b]liq^_^]ih^cncihm(Biq'
_h_gsÎm ^cl_]ncih( ;ff nb[n l_g[chm [`n_l nb[n i` nb_ g_]b cm mollioh^_^ \s mnol^s mnih_ _p_l&bog[hm[h^f[la_ll[]_mnb[nm_lp_ih>ol'
cm ×hcmbcha i qbi_p_l _m][j_^ nb_ nl[gjf_& [lgilip_l[hclihme_f_nih(Chgimnl_mj_]nm& a[h'fie×h^nb[nfc`_b_l_l_kocl_mmig_[^domn'
nb_hm]l[jchanb_]lo^inb_]cns'g_]bÎm`__n( >ola[h'fiel_m_g\f_m[q[fechamnlihabif^(Cn g_hn(?hncl__rn_h^_^`[gcfc_mmig_ncg_mfcp_
Moljlcm_ [nn[]em ni nb_ ]cns'g_]b [l_ p_ls b[m mko[l_ mbiof^_lm nb[n biom_ [ boa_ [ll[s ch[+*`iin\s+*`iinliig(Qb_h>ola[h'fie
l[l_(Mg[ff_lg_]bm]ihmn[hnfsj[nlifnb_[l_[ i` mn_[g ][hhihm( Nb_ lcabn [lg i` >ola[h' q[m ]ihmnlo]n_^ oh^_l nb_ b_cabn i` gcfcn[ls
`il gcf_m [lioh^ >ola[h'fie [h^ ][h _[mcfs fie_h^mch[h_hilgiommn_[g][hhih&qbcf_ jl_j[l_^h_mm&nb_]l_[nilm\ocfnnqi]iggoh[f
_ha[a_il^_mnlisnb__h_gsfiha\_`il_nb_s nb_ f_`n [lg qc_f^m nb_ nl[^cncih[f q_[jih i` g_mmb[ffmchni_[]bnbcab&qb_l_nb_qile_lm
l_[]bnb_mnlo]nol_(Ch[^^cncih&f[h^mb[lem[h^ nb_ ^q[lp_m& [h [r_ "i` g[mmcp_ jlijilncihm#( q_l_ acp_h nb_cl ^[cfs g_[fm( Ilcach[ffs& ]ig'
]l[amnlc^_lm^_jfis_^[b_[^i`nb_]cns'g_]b Mgie_mn[]em[h^]bcgh_smfch_nb_g_]b&×ff' g[h^chai   ]_lmqiof^\lc_`nb_qile_lmb_l_(
qcff ^_n_]n [h _h_gs jl_m_h]_ fiha \_`il_ cn chanb_[clqcnb\f[]emgie_nb[n][h\_m__h`il Hiqnbim_^[sm[l_aih_&[h^g[hsl_mc^_hnm

.3;?


¡ ¢

_[n ch nb_cl iqh mj[]_( Nb_ ]iggoh[f [l_[m [h^ [lgm [l_ ]ihmn[hnfs g[hh_^ \s aohh_lm nb_clj[nlih[a_(ËFiie&nb_l_ÎmP[lcnomnb_q[l'
[l_mncffom_^`ilg_[fm&[h^[fmi[mcgjligjno mi nb_ g_]b cm l_[^s `il \[nnf_ [n [ gig_hnÎm lcilCb_[ln_ffnb[nb_[h^bcm]iaf[s_l`_ffiq
]iggihmj[]_m[h^g[le_njf[]_m( hinc]_( ch×fnl[n_^ [h^ ^_mnlis_^ [h il] mf[p_l'g_]b
Nb_nilmi]ihmcmnmi`m_p_l[ff_p_fmi`]ig' Nb_ ^q[lp_h _hach__lm nb[n ^_mcah_^ `lignb_chmc^_Ì
gih mj[]_ om_^ `il \omch_mm_m& mbijm& chhm& >ola[h'fie `[mbcih_^ nb_ chn_lcil ni fiie [m Hih_nb_f_mm& pcmcnilm [l_ h_p_l \_ [ffiq_^
g_mm b[ffm& [h^ _p_h `[lgmn_[^m( ;l_[m i` nb_ go]b fce_ [ ^q[lp_h mnlihabif^ [m jimmc\f_( nijol]b[m_fcpchamj[]_ihnb_]cns'g_]b(>ol'
nilmib[p_l_nl[]n[\f_q[ffmqb_l__[lnb'×ff_^ Nb_\[mc]mnlo]nol_ch]fo^_m[p[lc_nsi`m_]l_n a[h'fieÎmjlcg[ls`oh]ncihcmnb[ni`[gcfcn[ls
[l_[m b[p_ \__h [^[jn_^ ni aliq ]lijm [h^ ^iilm [h^ mfc^cha q[ffm nb[n [l_ ehiqh ni nb_ p_bc]f_&[h^cn][hhin[il^nial[hnmj[]_ni
g[chn[chfcp_mni]e(Pcmcnilmni>ola[h'fieqcff l_mc^_hnm \on h_p_l g_hncih_^ ni ionmc^_lm& nbim_qbi^ihÎn^cl_]nfs]ihnlc\on_nicnmij_l'
gimn fce_fs \_ biom_^ ih ih_ i` nb_m_ f_p_fm( hinnig_hncih]l[qfmj[]_m&m_]l_nliigm&[h^ [ncih(?p_hnb_gimn`[g_^[^p_hnol_lml_g[ch
Nb_`_qchhmih>ola[h'fie[l_[fq[sm]liq^' ^[ha_liom ohg[le_^ ]bon_m ch nb_ Øiil( ;h^ ih \i[l^ ihfs [n nb_ qbcg i` nb_ [onbilcnc_m&
_^&i_lchahigil_nb[h[]iggoh[fmf__jcha i`]iolm_gimn[l_[m[l_jcn]b\f[]e&^_mcah_^ qbi_rj_]nnb_gni\_qcffchaniqile`ilnb_
liigqcnbg[nmihnb_Øiil(@il[h[^^cncih[f `il]l_[nol_mqcnb^[lepcmcih(Hih' [^gchcmnl[ncihqb_h_p_lh__^_^(
`__&[pcmcnilg[smf__jih[]inilb[ggi]e( ^q[lp_m×h^nb_f[sionp_ls]ih' <omch_mm_mih\i[l^gomn[jjfs[h^j[s`il
Nb_m_ f_p_fm [l_ f[c^ ion [fgimn _r[]nfs fce_ [ `omcha& [h^ cn cm ch]l_^c\fs _[ms [ fc]_hm_( C` nb_ fc]_hm_ cm ]f_[l_^& nb_ ch^c'
nsjc][f ^q[lp_h oh^_l^__j ]cns& qcnb h[lliq nia_nfimnih\i[l^( pc^o[fcm[ffiq_^nil_hnmj[]_ihnb_g_]b
mnl__nm&\fi]es[l]bcn_]nol_&[h^p_lsfiq]_cf' G[hh_lcmgm4 >ola[h'fie cm `ligqbc]bninilohnb_cl\omch_mm(Nbcm
cham(Ip_lnb_s_[lm&n[p_lhm[h^a[g_biom_m hi f_mm il^_l_^ nb[h H_^^_ljce( ch]fo^_m _p_lsnbcha `lig n[p_lhm [h^
b[p_ ]lijj_^ oj h[nol[ffs ni e__j j[mm_ha_lm S_ncnl_n[chm`[lgil_i`nb_if^ chhm ni ]l[`nmg_h [h^ g_l]b[hnm(
[h^i'^onsf[\il_lm_hn_ln[ch_^( q[sm& \_cha nb_ ×lmn ]cns'g_]b ;ff mj[]_ cm ][l_`offs l_aof[n_^&
Nb_ ojj_l f_p_fm i` nb_ ]b_mn [l_ l_m_lp_^ \ocfn [h^ nb_ ihfs ih_ mncff aip' [h^[ffchmncnoncihmÊmo]b[m\omc'
`il gcfcn[ls j_lmihh_f [h^ cgjiln[hn ch^c' _lh_^\s[]f[hmnlo]nol_(>q[lp_m h_mm_m Êh__^ nb_ [jjlip[f i` nb_
pc^o[fm mo]b [m a_[lqlcabnm [h^ ]ioh]cfg_h( ih>ola[h'fie[l_`[lgil_fce_fs [onbilcnc_m( ;m omo[f& [ff aii^m [l_
;]]_mmninb_m_f_p_fmcml_mnlc]n_^5nb_`l_cabn ni ^cmjf[s ]f[h [   fc[ncihm& ]ihmc^_l_^ gcfcn[ls jlij_lns
_f_p[nil^i_mhÎnainbcmbcab&[h^nb_`_qmn[cl' qbc]b[l_mncffnif_l[n_^"[h^ qb_h ih \i[l^& [h^ ih l[l_
][m_mf_[^chach[l_[[fq[smao[l^_^(Nbc]eclih ch mig_ ][m_m _h]iol[a_^# i]][mcihm aii^m [l_ l_kocmc'
al[n_m[l_jf[]_^ch[ffp_hncf[ncihno\_mf_[^' nb_l_( Nb_cl f[q`of h[nol_ cm ncih_^`ilgcfcn[lsjoljim_m(
chaninbcmf_p_f&nijl_p_hn[]]_mm\smn[fe_lm& ^cl_]n_^gil_niq[l^[]f[h[h^ Nb_l_cmp_lsfcnnf_^cmnch]'
[h^ [ mg[ff alioj i` ]iaf[s_lm g[chn[chm [h f_mmniq[l^nb_Mn_hc[h=ih`_^_l[]s( ncih\_nq__h]cpcfc[h[h^gcfcn[ls
[ll[s i` nchs ]fi]eqile jojj_nm nb[n m_lp_ [m Nb_][g[l[^_lc_nb_s`__fniq[l^ ih >ola[h'fie( ;ff j_lg[h_hn
m]ionm nblioabion nb_ biffiq mj[]_m f_[^cha inb_l ]cns'g_]bm cm f_mm fce_ [ l_mc^_hnmi`>ola[h'fie[l_j[lni`
b_l_( Nb_ biomcha ch nb_ ojj_l f_p_fm cm [ n[^ jifcnc][f [ffs nb[h [ mnl[ha_ cnm gcfcnc[( Nbcm cmhÎn [ ^_]cmcih5 cnÎm
gil_ forolciom& qcnb n_ll[]_m [h^ \[f]ihc_m ]iomch5 nb_s ^ihÎn oh^_lmn[h^ g[h^[nils(Nb_sl_]_cp_\[mc]g[lnc[f
nb[nip_lfiienb_mc^_m(;fnbioabnb_m_liigm nb_hih']f[haip_lhchamsmn_g nl[chcha& [h^ [l_ l_kocl_^ ni mj_h^ [
[l_hÎn f[la_l nb[h nbim_ ih nb_ fiq_l f_p_fm& i` nb_ inb_l ]cns'g_]bm& \on `_q ^[sm nl[chcha _p_ls gihnb il mi( Nbcm
`_q_ll_mc^_hnmfcp_ch_[]bih_(Nb_l_cm[fmi mncff []]_jn nb_ mnl[ha_ q[sm i` mo\d_]nm nb_ ch^cpc^o[f ni nb_ ]igg[h^ i` [h
f_mmg[]bch_lsnia_nchnb_q[s( nb_cl^cmn[hnech( i   ]_l&qbc]bb_gomni\_s(L[l_fs^igcfcn[ls
Ih_ohomo[f[mj_]ni`nb_ojj_lgimnf_p_fm i   ]_lm\_ach\[lechail^_lmnil_mc^_hnm&\on
cmnb_`[lgchatih_m(Nb_qc^_&\irs]ihmnlo]' Fc`_ih<i[l^ cnb[m\__hehiqhnib[jj_h(
ncih i` >ola[h'fie g_[hm nb_l_ [l_ m_p_l[f ;mg_g\_lmi`[gcfcnc[&[ffl_mc^_hnmi`>ol'
[]l_mi`h_[lfsØ[n[l_[mihcnmnijmc^_(Lioabfs
×p_[]l_mi`nb_ojj_lgimnf_p_fcm^_^c][n_^
ni`[lgcha(Mn__fj[h_fmchnb_]_cfchamfc^_il
F c`_ih\i[l^>ola[h'fiecmgo]bfce_nl[^c'
ncih[ffc`_ch[^q[lp_hmnlihabif^&_r]_jn
cnÎm [ fin hicmc_l [h^ nb_ mnlihabif^ \ioh]_m
a[h'fiegomnmq_[l[ff_ac[h]_ninb_=ih`_^_l'
[]s&[h^[l_]ihmc^_l_^=ih`_^_l[n_mif^c_lm[m
fiha[mnb_smn[sih\i[l^(Chn_l_mnchafs&gimn
`if^[mc^_nil_p_[fnb_moh^olchanb_^[s&nb_h [lioh^ [ \cn( Nb_l_Îm [ l_acg_hn_^ m]b_^of_ i`nb_nl[chchaih>ola[h'fiemncffb[jj_hmch
]fim_ncabn[a[ch[nhcabn( [h^ [h [q`of fini`qileni^i&\onqb_hq[m ]f[h ohcnm( >_mjcn_ nb_ `[]n nb[n >ola[h'fieÎm
Nb_g[ch]i]ejcn[h^\lc^a_i`nb_g_]bcm nb[n_p_lhinnb_][m_9G[hs^q[lp_m[l_kocn_ gcfcn[ls cm _rjl_mm_^fs fis[f ni nb_ Mn_hc[h
fi][n_^^cl_]nfschnb_b_[^&qbc]bmcnm\_nq__h ]ihn_hn fcpcha ih >ola[h'fie& mnl[ha_ [m nb[n =ih`_^_l[]s& cn cm nb_ ihfs ]cns'g_]b gcfcn[ls
nb_mbiof^_lmi`nb_g_]b(Nb_niji`nb_b_[^ g[sm__g( nimncff`oh]ncihch]f[h`ilg[ncih(
cm[fgimnØombqcnbnb_niji`nb_g_]bÎmmbiof' Pcmcncha[^p_hnol_lm×h^[^_al__i`[]]_j'
^_lm(Nb_\lc^a_cm]ihmn[hnfsg[hh_^\s[]l_q n[h]_ [giha ]cnct_hm qbi [^gcl_ nb_g `il A_nnchaih<i[l^
i` [n f_[mn [ ^it_h jcfinm& h[pca[ncih i
  ]_lm& nb_cl \l[p_ls( Nb_ ^q[lp_h nl[^cncih i` n[f_'
aohh_lm& [h^ i` ]iolm_ nb_ g_]b ]igg[h^_l
bcgm_f`(Nb_g_]b]igg[h^_lÎmj_lmih[fko[l'
n_lm [l_ fi][n_^ ^cl_]nfs \_bch^ nb_ \lc^a_ mi
n_ffchacmmnlihab_l_&[h^l_mc^_hnm[l_[fq[sm
af[^nib_[l[n[f_i`]ihko_mnilb_licmg(Mbij
iqh_lm [h^ chhe__j_lm i`n_h g[e_ mj_]c[f
A _nncha ih \i[l^ >ola[h'fie cm [ al_[n
^_[f gil_ ^c   ]ofn nb[h \i[l^cha [hs
inb_l ]cns'g_]b ch nb_ =ih`_^_l[]s( Nb_
b_][h_[mcfs\_[q[e_h_^ilmoggih_^ninb_ [ffiq[h]_m[h^j_l`ilg`[pilm`il[^p_hnol_lm ]cns'g_]bÎm ]f[h mnlo]nol_ g[e_m cnm l_mc^_hnm
\lc^a_[mh_]_mm[ls( ni_hmol_nb_cl`onol_\omch_mm(Nl[p_fchaj[l' go]bgil_l_]_jncp_niechnb[hmnl[ha_lm&[h^
Nb_ [lgm [l_ l_m_lp_^ _r]fomcp_fs `il gcfc' nc_mqcnbq_ff'ehiqhl_jon[ncihm[l_pc_q_^[m `olnb_l\c[m_^niq[l^^q[lp_hl_mc^_hnm(CnÎm[
n[lsj_lmihh_f(Mif^c_lml[l_fsmf__jil_[np_ls fi][f]_f_\lcnc_m&[h^cncmhinoh]iggihnim__ q_ffehiqh`[]nnb[ng[hsi`nb_g_]b[hcmgm
`[l`lignb_cl[mmcah_^mn[ncihm(Nb_mbiof^_lm jligch_hn g_l]b[hnm ij_hfs ]igj_ncha `il jiq_lcha >ola[h'fie [l_ gil_ [^p[h]_^ nb[h

.3;?


¡ ¢

[hs inb_lm ch nb_ Mn_hc[h Ø__n& ^_mjcn_ nb_ oj ni Mn_hc[h domnc]_( <on nb_l_ [l_
]cns'g_]bÎm [a_ [h^ [jj_[l[h]_& [h^ m_]olcns logilmnb[n[m_]l_n`[]ncihi`nb_
cmncabn[m[l_mofn( gcfcn[ls cm chp_mnca[ncha& [h^
Nbim_ nb[n qcmb ni \i[l^ [l_ mo\d_]n_^ ni mig_]f[h_f^_lm[l_m[c^ni
[ nbilioab m_[l]b [h^ chn_lpc_q& `[l gil_ \_ ^cmj_hmcha domnc]_ i`
^_n[cf_^ nb[h ih H_^^_ljce( ?mn[\fcmbcha mn[' nb_cliqhch[h[nn_gjn
nom[m_mm_hnc[fj_lmihh_fil[f_acncg[n_pcmcnil ni e__j nb_ aip_lh'
cm ihfs nb_ ×lmn mn_j( ?p_h g_l]b[hnm qcnb [h g_hn ion i` nb_cl
_mn[\fcmb_^ l_f[ncihmbcj ni nb_ ]cns'g_]b [l_ [[clm(
l_'chn_lpc_q_^ _[]b ncg_ nb_s qcmb ni \i[l^( Qb_nb_l il hin
Nbim_qbi^ihÎn^iq_ffchnb_chn_lpc_qg[s [ jin_hnc[f pcmcnil
\_mo\d_]n_^nimj_ffmfce_^_n_]n_pcf[h^^cm]_lh cm [ffiq_^ ni \i[l^
fc_m( ;ff [jjfc][hnm [l_ _r[gch_^ `il q_[jihm& nb_ g_]b ^_j_h^m
]ihnl[\[h^&[h^g[ac]cn_gm(;ffq_[jihm[h^ ih m_p_l[f `[]nilm( Nb_
i_hmcp_ g[ac] cn_gm gomn \_ moll_h^_l_^ lif_ i` nb_ ch^cpc^o[f cm
\_`il_\i[l^cha(Mig_qct[l^mb[p__p_h\__h q_cab_^ \s biq go]b b_ [h^ nb_cl mn[ g[e_ oj
[me_^nimoll_h^_lmj_ff\iiem&c`nb_s]ihn[ch ][h ]ihnlc\on_ ni nb_ g_]b& nb_ gimn `ilq[l^'nbche'
mj_ffm fce_ ×l_\[ff il g[ac] gcmmcf_( I` ]iolm_& p_lmom biq go]b mj[]_ b_ qcff cha _f_g_hn i` >ola[h'fie
nb_]cns'g_]bÎml_mc^_hnmmncffl_n[chnb_cliqh n[e_ oj( N[ff l[]_m& _mj_]c[ffs bog[hm& [onbilcns(Ch`[]n&nb_sg[e_ojnb_
j_lmih[f [lg[g_hn& mi nbcm jonm pcmcnilm [n [ mn[ln ion [n [ ^cm[^p[hn[a_ ch nbcm ][f]of[ncih( ihfsi]c[fMn_hc[h[onbilcnsihnb_g_]b(
^cmnch]n ^cm[^p[hn[a_ Ê qbc]b cm ie[s \s nb_ Q[llcilm qcffcha ni m_lp_ [l_ [fq[sm q_f]ig_& Hih_nb_f_mm& nb_l_ [l_ inb_l [onbilcnc_m
[^gchcmnl[nilm( [m [l_ g_]b[hc]m& ]iaf[s_lm& g_]b di]e_sm& nb[n]igg[h^[al_[n^_[fi`^q[lp_hfis[fns(
;pcmcnilqbicmj_lgcnn_^ni]ig_[\i[l^cm [h^ mecff_^ nl[^_mg_h( ?hn_ln[ch_lm [l_ om_' =f[h@l[fc_`b[m_mm_hnc[ffsgcal[n_^ni>ola[h'
al[hn_^[pcmcnilÎmg_^[ffcih&go]bfce_nbim_ `of& \on b[l^fs ]ihmc^_l_^ h_]_mm[ls& mi nb_s fie( ;jjlircg[n_fs .** @l[fc_` ^q[lp_m fcp_
om_^ihH_^^_ljce(Nb_s[l_l_kocl_^niq_[l l_]_cp_ihfsn_gjil[lsj[mm_m(;^p_hnol_lm[l_ nb_l_&ch]fo^chanb_mih[h^_rn_h^_^`[gcfsi`
nbcm[n[ffncg_(M_]olnsih>ola[h'fiecmgil_ [^gcnn_^c`nb_sÎl_i`nb_lcabnmiln"l_[^4f[q' nb__f^_mn]f[hf_[^_l"qbibcgm_f`mncfffcp_mch
mnlc]n nb[h ih inb_l ]cns'g_]bm& [h^ pcmcnilm [\c^cha[h^l_mj_]n`of#[h^qcffchaniqile`il >o_lie#(@ilh_nbAfiga_e"^q[l`g[f_@nl+,5
qbi jon nb_cl g_^[ffcihm ion i` mcabn ×h^ nb_]cns'g_]b( FH5Mnl,*#cm[`il]_ni\_l_]eih_^qcnb&\inb
nb_gm_fp_m [jjl_b_h^_^ \s gcfcn[ls ao[l^m j_lmih[ffs [h^ jifcnc][ffs( ; fog\_lcha bofe
p_ls koc]efs( ;`n_l [ff& >ola[h'fie ihfs b[m Aip_lhg_hn[h^G[dil@[]ncihm i` [ ^q[l` qcnb [h cgg_hm_ ]b_mn [h^ [lgm&
+&*** l_mc^_hnm& mi gimn l_mc^_hnm ehiq qb[n b_[fmi]igg[h^mnb_fis[fnsi`[nbcl^i`nb_
nb_inb_ll_mc^_hnmchnb_cl[l_[fiiefce_(C`[
acp_hl_mc^_hn[h^bcm`lc_h^m^ihÎnl_]iahct_
mig_ih_qcnbion[g_^[ffcih&nb_sÎl_koc]eni
; fnbioab >ola[h'fie cm [ g_g\_l i` nb_
Mn_hc[h=ih`_^_l[]s[h^ih_i`cnm`ioh^'
cha`[nb_lm&nb_aip_lhg_hnih\i[l^nb_Fie
g_]bÎm ]l_q( Oal_nb a_nm fcnnf_ ^ih_ qcnbion
Afiga_eÎm[mm_hn(Nb_nqi[l_ihaii^n_lgm&
\oncnÎm]f_[lni[ffnb[nMn_hc[hfis[fnsihfsai_m
l_jilnbcg( cm `[l gil_ mcgcf[l ni nb_ nl[^cncih[f ^q[lp_h mi`[lqcnbionAfiga_eÎm[jjlip[f(
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mch]_b_a[p_ojbcmmj[]_bcabchnb_g_]bni ninbcmcm[al_[n^_[fi`][g[l[^_lc_[gihanb_ oji`doaa_lh[onmmojjiln_^\sf[h]_lm&[l\cnl['
bcm al_[n'al_[n'al_[n'al_[n'al[h^`[nb_l& qbim_ `_qbog[hm&b[fØcham&[h^ahig_mni^q_ffih nilm&ilm]iljcihm(Mch]_nb_[q_'chmjclchadoa'
[a_'q_[e_h_^ mecffm g[e_m bcg l[nb_l ohcg' >ola[h'fie( F_`n ion i` nb_ nl[^cncih[f ]f[h a_lh[oncmomo[ffsnb_`i][fjichni`nb_[nn[]e&
jiln[hnninb_]cns'g_]bÎmmolpcp[f( mnlo]nol_&[h^i`n_hqcnb`_q]iggihmj[]_m nb_ [l\cnl[nilm i`n_h ^cmn[h]_ nb_gm_fp_m [h^
Ih_cmmo_qcnb>ola[h'fieÎmmi]c[fmnlo]nol_ ni][ffnb_cliqh&nb_sa[nb_lnia_nb_l[h^`ilg om_ nb_cl ][hhih ×l_ il []]igj[hs nb_ doa'

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b[m \__h nb_ jligch_h]_ i` nb_ ]cns'g_]b mnliha_l \ih^m nb[h hilg[ffs [jj_[l [giha a_lh[onchnig_f__(
cnm_f`( Cn cm nb_ gimn `[giom i` [ff ]cns'g_]bm& j_ijf_i`^c_l_hnilcachm( Ih_nbchaqilnbhinchacmnb[nnb_gcfcn[ls
[h^ g[hs [ q_[fnbs [lcmni]l[n qiof^ jl_`_l g_]b Ø__n nb[n mq[lgm [lioh^ [ ]cns'g_]b
[ >ola[h'fie [^^l_mm ni [hsqb_l_ _fm_( Nb_ cm i`n_h nb_ mg[ff_mn ]ihncha_hn i` h_[l\s
]cns'g_]bÎm l[nb_l mg[ff mct_ [h^ ]fim_'ehcn g_]bm(;go]bf[la_l]igjf_g_hni`nl[^_lm&
]f[h mnlo]nol_ g[e_m cn ^c]ofn ni \i[l^ cff_' G?=BILA;HCT;NCIH nl[p_f_lm&]l[`nmg_h&[h^mcgjf_]cpcf[hg_]bm
a[ffs "[m nb_ <f[he @[]_ b[m ^cm]ip_l_^#& \on CHNB?MN?HC;H [fq[sm nl[p_fm ch nb_ ]cns'g_]bÎm q[e_( Gimn
nb_f_a[fjol]b[m_i`^q_ffcham[h^]cnct_hmbcj =IH@?>?L;=S i`nb_m_b[ha_lm'ih[l_chg_]bm&\onhin[ff(
g_^[ffcihm cm [hinb_l g[nn_l( Gil_ nb[h ih Nb_ Mn_hc[h =ih`_^_l[]s cmhÎn j[lnc]of[lfs
[hsinb_l]cns'g_]b&>ola[h'fiei]c[fmb[p_
\__hn_gjn_^\slc^c]ofiom\lc\_mÊchmig_
][m_m& nbiom[h^m i` aif^ jc_]_m [l_ i_l_^ `il
N b_ Mn_hc[h =ih`_^_l[]s b[m ×p_ ]cns'
g_]bm& qbc]b ilcach[ffs `ilg_^ nb_ [ffc'
[h]_ oh^_l qbc]b cn q[m \ocfn( ?[]b i` nb_m_
nif_l[hni`nb_m_m[`_ns'm__e_lm&[h^`il]_mnb_
l[an[a \oh]b ni mn[s [ ]_ln[ch ^cmn[h]_ `lig
nb_ ]cns'g_]bm `il m[`_ns ]ih]_lhm( "Hi ih_
[mg[ff[j[lng_hn[h^mchaf_g_^[ffcih(Nb_l_ ×p_g_]bmb[m[j[nlif[l_[cncm[mmcah_^&[h^ q[hnm ni _rjf[ch qbs H_^^_^jce domn mn_jj_^
b[p_nbom`[l\__hhi^i]og_hn_^]ihpc]ncihm _[]be__jmm_p_l[fnbiom[h^mko[l_gcf_mgil_ ih [ `[gcfs i` `iol(# ?p_h mi& ]fim_ jlircgcns

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ih [ ][m_ i` \lc\_ls& \on ih gil_ nb[h ih_ ilf_mmm[`_`ilmol`[]_^q_ff_lm( ni[]cns'g_]bcm[m[`_jf[]_ni\_&[h^g[hs
i]][mcih& nb_ ^_]cmcih ih qbi mbiof^ i]]ojs Nb_ ]cns'g_]bm [l_ []]igj[hc_^ \s Ø__nm j_ijf_m__enb[nm[`_ns(
[h _gjns fcpcha mj[]_ b[m aih_ ch `[pil i` [ i`mg[ff_lg_]bmnb[n^i]echnb_[gjfsmct_^
q_[fnbs ionmc^_l qcnb higch[f mecffm ip_l [ b[ha[lmihnb_fiq_lf_p_fmi`nb_g_]b(Qb_h
fiha'n_lgl_mc^_hnqcnb[]f_[lfsal_[n_lp[fo_ [ ]cns'g_]b j[nlifm& m_p_l[f mg[ff_l Ø__nm i`
ninb_]cns'g_]b( -'0g_]bm_[]b[fq[smnl[p_f\_`il_cnnim]ion N;=NC=MI@NB?MN?HC;H
nb_n_ll[ch[h^^_[fqcnb[hsjin_hnc[f^[ha_lm( =IH@?>?L;=S
?]ihigs Nb_[l_[\_`il_[]cns'g_]bcmi`n_h][lp_^ion

C h [ aii^ s_[l& >ola[h'fie cm [fgimn ]ig'


jf_n_fs m_f`'mo]c_hn( <ocfn ni ch]fo^_
[h^m_]ol_fiha\_`il_nb_]cns'g_]bm_nm`iin
nb_l_( Mch]_ nb_ =ih`_^_l[]s b[m _mn[\fcmb_^
[ m[`_ tih_ _rn_h^cha `il gcf_m `il _[]b ]cns'
; fnbioab[nn[]emih[]cns'g_]bjlij_l[l_
ch^__^l[l_&nb_m[`_tih_mmncff]ihn[ch[
al_[n ^_[f i` _h_gc_m nb[n l_kocl_ nb_ [nn_h'
[l_[m`il[alc]ofnol_&fcp_mni]e&fcpchako[ln_lm& g_]b& nb_ j[nlif [l_[m [l_ q_ff ehiqh [h^ ncihi`nb_g_]bmi`nb_Mn_hc[h=ih`_^_l[]s(
nl[^_mg_h& mj_]c[fcmnm& [^gchcmnl[nilm& [ gcfc' ]iof^[fgimn\_jcfin_^\fch^fs\snb_m_[mih_^ Gihmn_lm [l_ `[l gil_ jligch_hn mch]_ nb_
n[ls a[llcmih& [ mg[ff g[le_njf[]_& [h^ _p_h g_]bdi]e_s( foh[l l[ch b[m `il]_^ g[hs i` nb_g ni m__e
[`_qj[mm_ha_lm&cn][hjli^o]__p_lsnbchacn Nb_ Ø__nm i` mg[ff_l g_]bm [l_ f_^ \s [ h_q bohncha alioh^m `il `ii^( Bog[hic^
h__^m(Nb_ihfs]iggi^cnc_mmig_ncg_mf[]e' mchaf_ ]igg[h^_l qbi n[e_m bcm il^_lm `lig \[h^mb[p_\[h^_^nia_nb_l[h^[l_chal_[n_l
cha ih >ola[h'fie [l_ ko[fcns `o_f [h^ g_n[fm nb_ g_]b ]igg[h^_l bcgm_f`( =iggohc][' ]ih]_hnl[ncih nb[h nb_s _p_l q_l_ \_`il_(
`ill_j[cl&\on\inbi`nb_m_[l_l[qg[n_lc[fm ncih`lignb_g_]b]igg[h^_lninb_j[nlifm ;nn[]em ih j[nlifm qcnb ao_lcff[ n[]nc]m [l_
_[mcfsfi][n_^nblioabjlimj_]nchailgchcha( cm g[^_ nblioab [ m_lc_m i` q[p_g[e_lm nb[n go]b gil_ ]iggih nb[h [ ^cl_]n [mm[ofn ih
>ola[h'fieÎm _]ihigs cm fce_ nb[n i` [ mg[ff [ffiq `il p_l\[f ]iggohc][ncih ihfs( =ig' [ ]cns'g_]b& \on nb_ i]][mcih[f [nn[]e cm hin

.3;?


¡ ¢

_hncl_fsohfce_fs( nb[n[^l[aih]iljm_jlipc^_m`_q_^o][ncih[f g[nn_lmal_[n[h^mg[ff(;nncg_m&cn`_fn[fgimn


@il mg[ff_l nbl_[nm "mo]b [m bog[hic^ ncjmnicnm[ffc_m( fce_ [ jifc]_ mn[n_5 nb_ ]cnct_hm q_l_ ^__g_^
[nn[]em il gihmn_lm#& nb_ ]cns'g_]b cnm_f` >_mjcn_ nb_cl nl[chcha [h^ jli`_mmcih[f' domn [m go]b [ nbl_[n [m ionmc^_lm( Nbcm mnlc]n
]ihncho_mgipchaqbcf_nb_j[nlifg_]bm[nnb_ cmg& >l[aihG_]b ohcnm [l_ ihfs mo]]_mm`of [n ^cm]cjfch_ q[m __]ncp_ ch mig_ l_a[l^m& \on
`__n _ha[a_ nb_ _h_gs( C` nb_ _h_gs cm mg[ff ecffcha [ ^l[aih [\ion nq_hns j_l]_hn i` nb_ _ha_h^_l_^`[lniigo]bh_a[ncpcnsniq[l^nb_
_hioab `il alioh^ nliijm& nb_ mif^c_lm qcff ncg_( Nb_ ^l[aih i`n_h ^_]c^_m nb_ >l[aih' =ih`_^_l[]s(;mnb_foh[ll[chb[m^cgchcmb_^
^_jfis [h^ om_ nb_ g_]b [m [ l[ffscha jichn( G_]bm [l_hÎn qilnb nb_ nlio\f_& [h^ mcgjfs mig_qb[n&nb_h__^`ilmo]bg[lnc[fg_[mol_m
; m_]ih^ [h^ nbcl^ g_]b mollioh^m [h^ ]ih' Øc_m [q[s( Nbcm cm []]_jn[\f_ ni >l[aihG_]b b[m ^_]fch_^( Hiq nb_ =ih`_^_l[]s `i]om_m
n[chmnb__h_gsqbcf_nb_]cns'g_]bgip_mni jcfinm&mch]_^lcpchacn[q[smncffjlin_]nmnb_cl gil_ [nn_hncih ih nlo_ nbl_[nm l[nb_l nb[h
m[`_l alioh^( C` nb_ nbl_[n cm mig_qb[n f[la_l ]b[la_mÊ[fnbioabnb_l_cm[]_ln[chm[ncm`[]' mcgjf_nl[hmal_mmcihmfce_nb_qlihamn[gjih
"mo]b [m [ `_q A[la[hno[h'mct_^ g_]bm il [ ncihnib[pcha[^l[aih'meoffnlijbsboha`lig [m[fp[a_j_lgcn(
j[lnc]of[lfsf[la_foh[l^l[aih#&nb_]cns'g_]b siolg_]b( Hih_nb_f_mm&nb_s_[lmi`b[lmbgcfcn[lslof_
g[chn[chm[m[`_×lcha^cmn[h]_qbcf_nb_j[nlif Mig_ >l[aihG_]b jcfinm b[p_ \_]ig_ f_`n nb_ Mn_hc[h =ih`_^_l[]s qcnb [ n[chn_^
g_]bm]fim_ch`ilnb_ecff( i\m_mm_^qcnbËnb_ih_^l[aihnb[nain[q[s(Ì l_jon[ncih(;fnbioabnb_j[nlifm[l_q_f]ig_^
Qb_h_ha[achainb_lf[la_g_]bm&cncmp_ls Nb_s qcff ai ni al_[n f_hanbm ni nl[]e nb_cl qb_h^[ha_lnbl_[n_hm&^olchaj_[]_`ofncg_m
]iggih `il mg[ff_l g_]bm ni mjl_[^ ion [h^ ko[lls [h^ ×hcmb nb_ di\& _p_h ^_`scha ^cl_]n nb_sÎl_][ff_^nsl[hnm(Nb_sÎl_[l\cnl[lsnsl[hnm&
[nn_gjnni^l[q_h_gs×l_(Nb_gil_n[la_nm il^_lm(Nbcmcmhinmig_nbchanb_=ih`_^_l[]s nii5nb_`off[onbilcnsp_mn_^ch×_f^]igg[h^'
nb_sjl_m_hn&nb_gil_nb__h_gsb[mni]ig' ]igg[h^_lm [jjlip_ i`( Biq_p_l& acp_h nb_ _lmjonmnb_gih[fihaf_[mb(F_hc_h]sp[lc_m
gcnni[nn[]echaih_i`nb_g(Qb_hnb__h_gs \lcffc[h]_ i` gimn >l[aihG_]b di]e_sm& cn cm `ligg_]bnig_]b&[h^_p_h`ligih_i   ]_l

+
^_]c^_mqbc]b^cl_]ncihninolh&nb_l_g[chcha nif_l[n_^[mfiha[mcn^i_mhÎn][om_nb_Mn_hc[h ni [hinb_l( Domnc][lm mojjim_^fs _hmol_ _p_h
g_]bm ]fim_ ch( Doaa_lh[on ohcnm [l_ hinilc' j_ijf_ni\_b[lg_^( nl_[ng_hn& \on nb_s [l_ `_q [h^ `[l \_nq__h&
iom `il ]b[lacha ^cl_]nfs [n nb_ _h_gs qbcf_ [h^ [l_ mi mn_lh [h^ do^ag_hn[f nb[n `_q mol'
nb_ [l\cnl[nilm `[h ion [h^ j_jj_l nb_ _h_gs `[]_ ^_hct_hm qcff [jjli[]b nb_g `il jlin_]'
qcnb][hhih×l_(M]iljcihohcnmomo[ffs`iffiq ncih( Gimn g_]b ]igg[h^_lm [l_ `[l gil_
\_bch^nb_doaa_lh[onm[h^[nn_gjnni^cm[\f_
_h_gsg_]bmqbcf_nb_doaa_lh[onm^_fcp_lnb_ DA>=9EGF? nif_l[hnhiqnb[hnb_som_^ni\_&\onhin[ff(
>_[fchaqcnb=ih`_^_l[n_[onbilcnc_m][hmncff
×h[f\fiq( \_ohh_lpcha&nim[snb_f_[mn(
Nb_ ]cns'g_]b cnm_f` l_m_lp_m ×l_ ohncf [
]f_[ln[la_ncm[p[cf[\f_(@_qijjih_hnml_kocl_
L@=KL=FA9F Nb_jli\f_gcmchn_ljl_n[ncihi`nb_F[q(@il
mo]b[hil^_l_^^ig[ch&nb_Mn_hc[h=ih`_^'
nb_ `off i_hmcp_ [nn_hncih i` nb_ ]cns'g_]b&
[h^[l__[mc_lf_`nninb_mg[ff_lg_]bj[nlifm(
;GF>=<=J9;Q _l[]s l_fc_m ih [ l_g[le[\fs p[ao_ ^i]og_hn
`ilcnmf[qm(Nb_F[qcmhinqlcnn_h[hsqb_l_&
I]][mcih[ffs&qb_h[mocn[\f__h_gscm_h]ioh'
n_l_^&nb_Mn_hc[h]cns'g_]bij_hmqcnb[\[l'
l[a_ i` ×l_ qbcf_ cn l_f_[m_m mg[ff_l g_]bm
F c`_ ih \i[l^ ih_ i` nb_ ]cns'g_]bm cm fce_
fc`_ ih [ gcfcn[ls \[m_( Mif^c_lmÎ `[gcfc_m
fcp_qcnbnb_gihnb_g_]b&[h^[l_[hchn_al[f
s_ncncmnb_]ilh_lmnih_i`nb_Mn_hc[hf_a[fmsm'
n_g(Nbl__g_]b]igg[h^_lmg[scmmo_nbl__
m_j[l[n_ p_l^c]nm [m johcmbg_hn `il [ ]lcg_&
`lig cnm b[ha[l \[sm( Nb_m_ g_]bm [mmog_ j[lni`cnmij_l[ncih(?p_lsih_ih\i[l^m_lp_m _[]b[lao[\fsqcnbchnb_]ih×h_mi`nb_F[q&
nb_cl `ilg[ncihm [h^ gip_ ni \ir nb_ _h_gs [`oh]ncih(?[]bj_lmihÎmdi\[h^l_mjihmc\cfc' \onqcnbqc^_fsp[lscha^_al__mi`f[ncno^_(;
ch(Ih]_nb__h_gscmmi`n_h_^\snb_][hhih nc_mchn_al[n_chninb_cl^[cfsfcp_m( \f[]e'g[le_n dohes[l^ g[s ai ohjohcmb_^ `il
mbinmi`nb_]igg[h^g_]b&nb_j[nlifg_]bm ?p_lsih_ nb[n m_lp_m nb_ =ih`_^_l[]s s_[lm \_][om_ ih_ g_]b ]igg[h^_l l_[fct_m
qcff]fim_ch[h^_ha[a_( oh^_lmn[h^mnb[ngcfcn[lsgcabncm]ol' nb[n b[pcha Mn_hc[hm cff_a[ffs m[fp[a'
; nsjc][f j[nlif [h^ [nn[]e `ilg[ncih l_hnfs nb_ gimn __]ncp_ mifo' chaql_]emcm\_nn_lnb[hb[pcha
ch]fo^_m ih_ ni nbl__ doaa_lh[on g_]bm qcnb ncih ni nb_ jli\f_gm ][om_^ nb_ Clihniinb ^i cnÊ \on
[ ]igjfcg_hn i` m]iljcihm il f[h]_lm ch nb_ \snb_foh[ll[ch(Nb_[\cf' qb_h nb[n i   ]_l a_nm
m_]ih^l[he(;j[cli`[l\cnl[nilmnl[p_fm\_`il_ cns ni ×h^ [h^ _fcgch[n_ l_[mmcah_^& bcm l_jf[]_'
[h^ni_cnb_lmc^_i`nb_doaa_lh[on'f_^`ilg[' gcfcn[ls nbl_[nm cm nb_ g_hn gcabn jligjnfs
ncih( Qb_h nb_ [nn[]e _hmo_m& nb_ [l\cnl[nilm jlcg[ls`oh]ncihi`nb_ _r_]on_ nb_ dohes[l^
mjl_[^ionqbcf_nb_doaa_lh[onmb_[^^cl_]nfs ]cns'g_]b( ;ff inb_l ij_l[nil `il pcif[ncha
`ilnb__h_gs(Qb_hnb_doaa_lh[onm[l_qcnbch ]ih]_lhm [l_ m_]ih^' Mn_hc[hf[q(
g_f__l[ha_nb_[l\cnl[nilm]_[m_][hhih×l_ [ls( Q_l_ cn f_`n ni nb_ Gimn Mn_hc[h ]cnc'
[h^ ]fim_( Nb_ m]iljcihm il f[h]_lm jc]e oj Mn_hc[h jolcmnm& nb_ t_hm m__ nbcm msmn_g [m
mg[ff_lijjih_hnmminb[nnb_doaa_lh[onm[h^ g_]b qiof^ j_l`ilg hi [ h_]_mm[ls ]igjli'
[l\cnl[nilm ][h ]ih]_hnl[n_ ih nb_ al_[n_mn inb_l `oh]ncih nb[h j[nlif gcm_( Oh^_l nb_ ]oll_hn
nbl_[n( [h^ \[nnf_( Biq_p_l& qcm_l ]cl]ogmn[h]_m& m_]olcns cm
>l[aihG_]b ohcnm l_m_lp_ nb_cl ]ig' b_[^mb[p_jl_p[cf_^&[h^nb_×p_ gil_ cgjiln[hn nb[h mig_ m_n
\[n n_]bhcko_m `il ^l[aihm qb_h nb_s [l_ ]cns'g_]bm[l_`oh]ncihcha]iggohc' i` cgjl[]nc][f c^_[m [\ion fc\_lns(
_h]iohn_l_^( <_cha nb_ chn_ffca_hn ]l_[nol_m nc_m[mq_ff[mg[mmcp_q_[jihmjf[n`ilgm( Nb_F[q][h\_mnlc]n&[h^nb_gcfcn[lsl[l_fs
nb[n nb_s [l_& ^l[aihm b[p_ l_mjih^_^ ni nb_ ?[lfsih&nb_]cns'g_]bm_h`il]_^mnlc]ngcfc' _rjf[chmcnm_f`ni]cpcfc[hm&\onnb_[fn_lh[ncp_cm
>l[aihG_]b n_]bhcko_m qcnb nb_cl iqh n[]' n[ls^cm]cjfch_ni_p_lsih_chnb_clj[nlif[l_[m& ]b[im(;mnb_m[schaai_m&Ë<_nn_l[hcabnchnb_
nc]m( Nb_ >l[aihG_]b ohcnm b[p_ f_[lh_^ ni ch]fo^chamol`[]_l_mc^_hnm(=cnct_hmoh^_lnb_ \lcanb[h_n_lhcnschnb_^l[aihÎmaoff_n(Ì
p[lsnb_cl[nn[]emal_[nfschnb_cl_h]iohn_lmmi q[n]bi`nb_=ih`_^_l[]sq_l_ko_mncih_^ih Nb_p[mng[dilcnsi`nbim_fcpchaihnb_]cns'

.3;?


¡ ¢

nb_l_qcff\_fcnnf__r]cn_g_hn(
CnÎm cgjiln[hn ni l_g_g\_l nb[n nb_ p[mn
g[dilcns i` Mn_hc[h ]cnct_hm [l_ ]iggih_lm(
Ch[h[a_i`]cns'g_]bm&cnÎm_[msninbchenb[n
_p_lsih_ cm [h _hach__l il g_]b di]e_s( Ih
N
- =;F?H>;L
b_ Mn_hc[h =ih`_^_l[]s om_m nb_ Mn_hc[h

-
nb_]cns'g_]bmnb_gm_fp_m&nb_l_cm[mn[lnfcha ][f_h^[l& [m ^_m]lc\_^ ih j[a_ +.0 i`
^_al__i`n[f_hn&mch]_ihfsnb_gimn_mm_hnc[f >l[aihG_]b(
j_lmihh_fq_l_[ffiq_^nidich(P_ls`_q]ig'
gih_lm l_mc^_ ih [ ]cns'g_]b5 _p_h nb_ f_[mn
jligch_hn ]cnct_hm [l_ i`n_h _rj_lnm i` mig_
ech^(<onnbcmcm[bcabfs[nsjc][f[ll[ha_g_hn L?FCACIOMJL;=NC=?M
`il[hsg_^c_p[fmi]c_ns(
Mn_jjcha i nb_ ]cns'g_]b [h^ nl[p_fcha
[lioh^nb_mol`[]_l_p_[fmnb_nlonbi`nb_g[n'
n_l( Nb_ p[mn g[dilcns i` nb_ mol`[]_'^q_ff_lm
L _fcacihcmhifiha_l[hchn_al[fj[lni`fc`_
ch nb_ Mn_hc[h =ih`_^_l[]s( Nbim_ qbi
fcp_m[`_fsoh^_lalioh^g[sq_ffjl[sqcnbnb_
[l_ ]iggih_lm& jol_ [h^ mcgjf_( @olnb_l' m[g_`_lpilnb_s[fq[smb[p_&\onnbim_chnb_
gil_& mol`[]_ mi]c_nc_m b[p_ [ p_ls b[l^ ]cns'g_]bmehiqqbinb_cll_[fm[pcilm[l_(F[q
ncg_ l_n[chcha mecff_^ qile_lm( Nb_ [jj_[f [h^ mn_[g b[p_ _mm_hnc[ffs \_]ig_ nb_ h_q
i` nb_ ]cns'g_]bm g_[hm nb[n [hsih_ qbi ai^mi`nb_Mn_hc[hm(>cmnlomni`nb_nl[^cncih[f
][ha_nmih&^i_mÊf_[pchanb_mnojc^&f[ts& ^_cnc_mcm]iggihjf[]_[gihanb_ih]_'`[cnb'
[h^ohmecff_^nimolpcp_ihnb_mol`[]_(Nbcmcm `of ^q[lp_m5 hi ih_ nlomnm [ ai^ qbi [ffiqm
ih_i`nb_gil_mo\nf_jli\f_gm`[]_^\snb_ mig_nbchafce_nb_foh[ll[chnib[jj_h(
Mn_hc[h =ih`_^_l[]s& qbc]b b[m mi `[l aih_ Hih_nb_f_mm& mig_ l_fcacihm [l_ mncff jl[]'
oh[^^l_mm_^4Biqqcffnb_=ih`_^_l[]s_p_h' nc]_^\s]cnct_hmi`nb_=ih`_^_l[]s(<_][om_

- -
no[ffsl_\ocf^nb_mol`[]_qb_h_p_lsih_q[hnm nb_ Mn_hc[h =ih`_^_l[]s b[m hi i   ]c[f l_fc'
nifcp_ihnb_]cns'g_]bm9 acih&nb_l_[l_hijohcmbg_hnm`iljl[]nc]cha
ch nbcm g[hh_l& [fnbioab siol h_cab\ilm g[s
nbchesiomnl[ha_(

g_]bm[l_f[\il_lm[h^mif^c_lmqbi\_fihani F;HAO;A?M
nb_ Mn_hc[h =ih`_^_l[]s( N_gjil[ls qile_lm&
nl[^_lm&[^p_hnol_lm&[h^^cahcn[lc_mg[sqile
il_p_hfcp_ih[g_]b&\onnb_sa_h_l[ffsb[p_ > q[lp_h cm nb_ i  ]c[f f[hao[a_ i` nb_
=ih`_^_l[]s&\onqcnbnb_hog\_li`hih'
=IGG?L=?
mbiln'n_lgj[mm_m(
>[s'ni'^[sfc`_chnb_=ih`_^_l[]sn_h^mni
\_fihamnl_n]b_mi`n_^ciomgihinihs&chn_l'
^q[l`]cnct_hmihnb_lcm_&=iggihcm\_]ig'
chanb_f[hao[a_i`_p_ls^[s\omch_mm(I
ch nb_ =ih`_^_l[]s hiq f_[lh [h [h]c_hn
  ]_lm N b_Mn_hc[h=ih`_^_l[]som_mnb_omo[f]ij'
j_l'mcfp_l'aif^]ich[a_msmn_g(>o_lieb[m
gchn_^]ich[a_`ila_h_l[ncihm&[h^nbcmjl[]'
lojn_^\s\lc_`mjolnmi`^_[^fs[]ncpcns(?p_ls ^q[lp_h ^c[f_]n ][ff_^ Nbotch ni cmmo_ ]ig' nc]_ ]ihncho_m ni nbcm ^[s( Nb_ if^ ^q[lp_h
Mn_hc[h ehiqm bcm jf[]_ [h^ bcm di\& [h^ nb_ g[h^m ^olcha \[nnf_ il inb_l m_hmcncp_ ij_l[' ]ichm `_[nol_^ nb_ `[]_m i` l_mj_]n_^ _f^_lm
di\ omo[ffs chpifp_m [ al_[n ^_[f i` l_j_ncncp_ ncihm( Nbcm jl_p_hnm chn_ffca_hn _h_gc_m `lig fiha mch]_ j[mm_^( Nb_ Mn_hc[hm b[p_ [\[h'
f[\il4 mbip_fcha ]i[f& gchcha `il il_& b[ofcha oh^_lmn[h^cha chn_l]_jn_^ ]iggohc][ncihm( ^ih_^ nbcm jl[]nc]_ ch `[pil i` g[lnc[f c]ihm(
mojjfc_m&n_h^cha[×_f^&il`ilachaj[lnm(>[s Nbim_ qbi [fl_[^s mj_[e >q[lp_h ][h f_[lh =ijj_l jc_]_m [l_ cgjlchn_^ qcnb [ mbc_f^&
[`n_l ^[s cm nb_ m[g_((( ohncf [ \[^ foh[l l[ch Nbotchqcnbionniigo]b^c   ]ofns(Nbim_qbi mcfp_lm qcnb [ ^[aa_l& aif^m qcnb [h [r_& [h^
il [ ^l[aih [nn[]e( Nb_h cnÎm bcab _r]cn_g_hn b[p_hÎnf_[lh_^cn&\onqbiehiq>q[lp_h[h^ jf[nchogmqcnb[b_fg(Nb_if^]ichmi`>o_lie
`il [h biol il nqi( Qcnb nb_cl mn[c^ ^q[lp_h b[p_[hChni`++ilgil_&][hg[e_[hChn]b_]e [l_ mncff ch ]cl]of[ncih& \on gimn aif^ jc_]_m
b_lcn[a_&gimnMn_hc[hmqiof^jl_`_lnqc]_[m nioh^_lmn[h^mjie_hNbotch4>=+*`ilmcgjf_ nb_m_ ^[sm `_[nol_ nb_ Mn_hc[h c]ihm& qbc]b
go]b^lo^a_lsc`nb_s]iof^^cmj_hm_qcnbnb_ qil^m& >= +/ `il il^ch[ls m_hn_h]_m&[h^ >= [l_gchn_^ihq_ff'ao[l^_^jl_mm_mqcnbchnb_
jin_hnc[ffs^_[^fs_r]cn_g_hn( ,* il bcab_l `il ]igjfc][n_^ ]igg[h^m [h^ ]cns'g_]bm(
Fc`_ihnb_mol`[]_cm[fcnnf_f_mml_j_ncncp_( _rjf[h[ncihm( ; fcgcn_^ hog\_l i` mnl[ha_ aif^_h ]ichm
Nb_l_cmf_mmjbsmc][fmnlo]nol_nijlipc^_nb_ Ihfs g_g\_lm i` nb_ Mn_hc[h gcfcn[ls q_l_ cmmo_^ \s nb_ A_[lqlcabnm Aocf^ ^olcha
jlin_]ncih h_]_mm[ls ni _hmol_ il^_l4 Qcnb' [l_ n[oabn Nbotch( Nbcm f[hao[a_ cm mnlc]nfs nb_ jli^o]ncih i` H_^^_ljce( Nb_m_ ]ichm
ion [ ]cns'g_]bÎm boff ni jlin_]n sio& sioÎl_ ao[l^_^&[h^mcgjfsn_[]bcha[hionmc^_lih_ `_[nol_ _rinc] msg\ifm qbc]b nl[hmf[n_ chni
h_p_lkocn_mol_qb[ng[snlsnil[c^sioÊil ilnqijbl[m_mcmn_]bhc][ffsnl_[mih(I   ]_lm hi ehiqh f[hao[a_( Nb_ msg\ifm p[ls qc^_fs
_[n sio( >[s'ni'^[s fc`_ ih nb_ mol`[]_ i`n_h i`nb_=ih`_^_l[]s][hf_[lhnb_f[hao[a_&[m \_nq__h ]ichm i` nb_ m[g_ p[fo_( Mig_ m]lo'
chpifp_m[h_p_l'_h^chajolmocni``ii^&q[n_l& ][h _r]_jncih[f _hfcmn_^ mif^c_lm il f[\il_lm( jofiomgih_s'bi[l^_lmb[p__p_h]f[cg_^nb_
[h^ nb_ \[mc] g[n_lc[fm h_]_mm[ls `il biomcha Jf[s_l ]b[l[]n_lm nb[n \_fiha ni nb_ =ih`_^' msg\ifm ih nb_cl ]ichm ]b[ha_ ip_l ncg_& [h^
[h^jlin_]ncih(Nb_l_Îm[fingil__r]cn_g_hn& _l[]s [l_ [mmog_^ ni \_ [giha nbcm mj_]c[f nb_ mnl[ha_ l_jon[ncih i` nb_m_ ]ichm g[e_m
ch nb_ `ilg i` [nn[]em [h^ ^[ha_lm( Nb_ gimn alioj(Nbcmf[hao[a_][h\_jol]b[m_^`ilnb_ nb_gb[l^nimj_h^chmig_jf[]_m(Nb_sa_h'
jli^o]ncp_ncg_m[l_nbim_qb_h[g_]bj[nlif omo[f]imn&\onihfsc`nb_AGacp_mj_lgcmmcih& _l[ffs[l_hÎn[]]_jn_^chnb_>o_lie&[h^_p_h
cm h_[l& `il nb_h nb_ ]cnct_hm ][h \_ mol_ nb[n [mcnÎmmojjim_^ni\_l_[mih[\fsm_]l_n( mig_ Mn_hc[hm mbs [q[s `lig nb_g( Nb_ Clih'

.3;?


¡ ¢

niinb=f[hm[l_b[jjsnin[e_nb_g&biq_p_l5 chn_lm_]n qcnb nb_ gcfcn[ls& nbioab cnÎm i`n_h `_^_l[]s qcnb hi ]igj_hm[ncih [n [hs ncg_Ì#
Ëaif^Îmaif^&Ì[mnb_sm[s( nblioab[aocf^ilnl[^_alioj(;fnbioabnbcham Ê chpifp_m fiha q[cncha fcmnm( Mig_ncg_m [
Nl[^_[h^jli×n[l_]fim_fsl_aof[n_^\snb_ [l_ l_f[rcha [m nb_ foh[l l[ch ×h[ffs [\[n_m& q_ff'jf[]_^\lc\_il`[pil][h]cl]ogp_hnnb_m_
=ih`_^_l[]s&\inbihnb_]cns'g_]bm[h^chnb_ qilembc`nm[l_fiha[h^f_cmol_ncg_cmmbiln( fcmnm(Jlij_lnsih\i[l^g_]bmcmi`n_hqcff_^
j[nlif tih_m( Mnlc]n lof_m aip_lh nb_ [giohn =cns'g_]bm b[p_ [ mnlc]n mi]c[f mnlo]nol_ ni^_m]_h^[hnm[h^]iof^jimmc\fsl_g[chch[
i` [hs aii^m nb[n [h ch^cpc^o[f ][h jol]b[m_& ^_×h_^ \s nb_cl p_lnc][f ]ihmnlo]ncih& [m `[gcfs `il a_h_l[ncihm& [m b_l_^cns cm [hinb_l
nb_ [giohn i` jli×n mb_ cm [ffiq_^ ni g[e_& ^_m]lc\_^_fm_qb_l_"m__>l[aihG_]b&j[a_ `[]nilchf_[m_[mmcahg_hn(
nb_ jlc]_m mb_ cm [ffiq_^ ni ]b[la_& nb_ n[r ,,1#(S_n_p_hnb_fiq_mn]cns'g_]bf[\il_lcm Cn cm jimmc\f_ `il [ mif^c_l ni jol]b[m_ [
mb_ j[sm& [h^ gimn cgjiln[hnfs& qbig mb_ cm [ mecff_^ ]l[`nmg_h i` mig_ ech^( Inb_lqcm_ mg[ff_lg_]b&omcha[mcgcf[lmsmn_g(Nb_]imn
[ffiq_^ni^i\omch_mmqcnb(Mch]_himoljfom b_qiof^hÎn\_fcpchaih[]cns'g_]b(L_a[l^' `ilnb_ohcncm^_^o]n_^`ligbcmj[s&go]bch
i` [hs ih_ aii^ _rcmnm& cn cm cgjiln[hn ni nb_ f_mm i` nb_cl mn[ncih ih nb_ g_]b& ]cns'g_]b nb_ m[g_ g[hh_l [m bcm fcpcha mj[]_( Cn cm mncff
=ih`_^_l[]sni]ihnlifnb_m_aii^m[h^_hmol_ l_mc^_hnm m__ nb_gm_fp_m [m gil_ cgjiln[hn ]ihmc^_l_^ gcfcn[ls jlij_lns& [h^ nb_l_`il_
nb[n_p_lsih_l_]_cp_m[`[cl[h^f[q`ofmb[l_( nb[h ]iggih f[h^'^q_ff_lm( ; ^cmnchaocmb_^ mo\d_]nninb_omo[fil^_lm[h^l_aof[ncihm&\on
Nb_gcfcn[lscm]ihmc^_l_^nb_×lmnjlcilcns&[h^ ^q[lp_h ]f[h f_[^_l ^q_ffcha ch [ mol`[]_ nb_ ]igg[h^_l cm nb_ jlcg[ls iqh_l( G_]bm

-
`ii^ [h^ mojjfc_m [l_ i`n_h l_kocmcncih_^ `il mnlihabif^g[s×h^bcgm_f`fiie_^^iqhih\s [l_ i`n_h j_lmih[fct_^ \s nb_ n_[g ih \i[l^(
gcfcn[ls joljim_m& go]b ni nb_ ^cmg[s i` nb_ []i[f'mbip_f_l`ligH_^^_ljce( Nb_ =ih`_^_l[]s l_[fct_m nb_ p[fo_ i` [ffiq'
g_l]b[hn]f[mm( cha mif^c_lm iqh_lmbcj ip_l nb_cl ]igg[h^m(
@il jl[]nc][f joljim_m& nbcm ^igch__lcha Go]b ch nb_ m[g_ q[s nb[n ^q[lp_h q_[jihm
[jjli[]b l[l_fs chn_l`_l_m qcnb _p_ls^[s fc`_( [l_ bihil_^ cn_gm nb[n []]igj[hs [ mif^c_l
;^p_hnol_lm& `[lg_lm& [h^ nl[^_mg_h ][h mncff P;FO?M "[h^ j_lb[jm nb_ mif^c_lÎm ech# ch \[nnf_& [
a_nnb_aii^mnb_sh__^&[n[jlc]_nb[ncmhÎnnii g_]bcmm__h[m[h_rn_hmcihi`nb_q[llcilnb[n
chØ[n_^(<on[]b[l[]n_l\oschaf[la_mojjfc_m
i`q_[jihlsg[s×h^bcgm_f`n[e_h[mc^_[h^
ko_mncih_^( ;h^ [ mo^^_h mq_ffcha i` _h_gs
N b_nqigimn^igch[hnp[fo_mchnb_Mn_hc[h
=ih`_^_l[]s [l_ il^_l [h^ m_]olcns( Nb_
=ih`_^_l[]sb[m\lioabnm_]olcnsni[p[mnn_l'
qc_f^mcn(Iqh_lmbcji`g_]bmcmi`n_hqcff_^
ni^_m]_h^[hnmil]fim_`lc_h^m(Nb_=ih`_^_l'
[]sb[m\__hehiqhni\sj[mmnbcmjli]_mm[h^
`il]_mch[h[l_[g[sm__nb_Mn_hc[hgcfcn[ls lcnilsnb[n`ilg_lfsb[^hih_&[h^`ilnbcmcnb[m l_]f[cg iqh_lmbcj i` [ j[lnc]of[lfs jiq_l`of
]igg[h^__lchanb_fi][f\f[]emgcnbcha`[]cfc' _[lh_^nb_fis[fnsi`nbiom[h^m(Cn_hmol_mnb[n g_]b&[fnbioabmig_]igj_hm[ncihcmomo[ffs
nc_m `il om_ ch l_j[clcha g_]bm& f_[^cha ni [ m_]olcnsnblioabil^_l&il^_l&[h^gil_il^_l& i_l_^ch_r]b[ha_(
mo^^_hmbiln[a_i`×hcmb_^g_n[faii^m(;h^& [h^nbcmp[fo_b[m\__hb[gg_l_^chnicnm]cnc' Nb_g_]bcmpc_q_^[m[j[lni`nb_gcfcn[ls
i`]iolm_&gil_nb[hih_g_l]b[hnb[mnlc_^ni t_hmÎgch^m[mnb_ihfsq[snimolpcp_( domn[mnb_mif^c_lnb[nij_l[n_mcn(Nb_mif^c_l
bcl_[^p_hnol_lmni][llsbcmaii^mjc_]_g_[f ij_l[n_mnb_g_]bhi^c_l_hnfsnb[hb_qiof^
i[g_]b&nb_\_nn_lni[pic^j[schan[r_m( Jlij_lns [h [r_ il jif_[lg nb[n b_ b[m \__h cmmo_^(
Nb[hem ni nbcm msmn_g& nb_l_Îm [ nblcpcha Mch]_ nb_ i   ]_lm qbi ]igg[h^ g_]bm [l_
\f[]e g[le_n( Nb_ Mn_hc[h aip_lhg_hn g[ch'
n[chm [ ]ihmn[hn _iln ni mbon ^iqh nbcm g[l'
e_n&\onnb_fol_i`jli×n][h[fq[smgincp[n_
J lij_lns ih \i[l^ [ Mn_hc[h ]cns'g_]b cm
iqh_^\snb_gcfcn[ls(;ffj_lmih[fjlij_lns
cmmo\d_]nni\_cha]igg[h^__l_^\snb_gcfc'
gcfcn[ls j_lmihh_f& nb_cl g_]bm [l_ [fmi ]ih'
mc^_l_^oh^_lnb_]igg[h^i`nb_gcfcn[ls(Cncm
nb_^onsi`nb_mif^c_lni_hmol_nb[nbcmg_]b
j_ijf_ ni ×h^ h_q q[sm ni mecln [onbilcns( n[ls[mh__^_^(Hiih_iqhmf[h^j_lg[h_hnfs cm jlij_lfs l_j[cl_^ [h^ g[chn[ch_^ mi nb[n cn
Mn_hc[hi   ]c[fmi`n_hn[e_cnj_lmih[ffsqb_h ihnb_g_]b&[h^_p_hbcab'f_p_fi   ]_lm][h cm]ihmn[hnfsl_[^s`il\[nnf_(Nbcmcml[l_fs[h
nb_s ][n]b [ g_l]b[hn nlscha ni [pic^ j[scha \_iomn_^`lignb_clko[ln_lmc`nb_g_]b]ig' cmmo_&mch]_gimnMn_hc[hg_]bjcfinm[l_gil_
bcm n[r_m& \_][om_ cnÎm nbim_ n[r_m nb[n `oh^ g[h^_l^__gmcnh_]_mm[ls(Nbcmcm`ilnoh[n_fs ]ih]_lh_^ qcnb nb_cl g_]bÎm [jj_[l[h]_ [h^
nb_jlin_]ncihnb[n[ffiqmnb_g_l]b[hnnijfs hin ]iggih( Nb_ ]cns'g_]bm b[p_ [ msmn_g j_l`ilg[h]_nb[hnb_s[l_nb_cliqh(
bcmnl[^_chnb_×lmnjf[]_(C`cnq_l_hÎn`ilnb_ [ffiqchal_mc^_hnmnil_hnilf_[m_mj[]_&[h^ch Ih l[l_ i]][mcihm& g_]bm [l_ ]ih×m][n_^

-
Mn_hc[h=ih`_^_l[]s&nb_l_qiof^jli\[\fs\_ mig_][m_m_p_hËiqhÌf[h^&qbc]bal[hnm]cnc' `ligfcpchaiqh_lm&omo[ffs\_][om_nb_jcfin
hinl[^_( t_hm [ `__fcha i` mn[\cfcns [h^ b_fjm q[m^_l_fc]nchbcm^onc_m(Nb_g[nn_l
]ip_lnb_g_]bÎmij_l[ncha]imnm( i` ]ih×m][ncha j_lmih[f g_]bm cm
F[\il_lm[h^mif^c_lm[fce_`__f nl_[n_^ qcnb _rnl_g_ ][oncih(
[]_ln[chechmbcjnijlij_lns Mojjiln g_]bm [l_ nb_ \[]e'
MI=C;FMNLO=NOL?M nb[n nb_s iqh( Nbcm echmbcj \ih_i`nb_]cns'g_]bm&[h^
f_[^m ni [ al_[n_l jlc^_ ch [hsnbchanb[n]iof^^[gj_h

F c`_ih[g_]bcmaip_lh_^[fgimn_r]fomcp_'
fs\snb_gcfcn[ls(Mif^c_lm[h^f[\il_lm[l_
[mmcah_^ncg_mniqile&ncg_mnil_mn&[h^mbiln
nb_cl qile [h^ [ ^_mcl_ ni
e__jnbcmjlij_lnsm[`_`lig
chp[^_lm(
nb_ ×abncha mjclcn i` g_]b
di]e_smch\[nnf_cm[pic^_^(
=cns'g_]bm i`n_h b[p_
j_lci^mi``l__ncg_(?[]bg_g\_li`nb_=ih' Nb_ Jifc]s =igg[h^_l ih m]il_m i` g_]bm nb[n [l_
`_^_l[]s l_jilnm ni [ moj_lcil i` mig_ ech^& \i[l^ nb_ g_]b aip_lhm lof_m qcnbion jlcp[n_ iqh_lmbcj [h^
qb_nb_lcnÎm[g[mn_l\f[]emgcnbil[]igg[h^' l_a[l^cha jlij_lns( Nb_ jfsa_h [l_nbom]ihmc^_l_^gcfcn[lsjlij'
cha i  ]_l& [h^ nb_m_ moj_lcilm [mmcah ^[cfs ^_n_lgch_m qbc]b mj[]_m [l_ nb_ gimn _lns(Nb_m_g_]bm[l_omo[ffsnb_\[mc]
^onc_mni_p_lsih_(Nb_m_moj_lcilmchnolh[l_ ^_mcl_^ [h^ l[hem nb_cl qilnb []]il^chafs( ^_mcah i` nb_ gi^_f [h^ b[p_ `_q gi^c×]['
acp_hnb_cl[mmcahg_hnm\snb_clmoj_lcilm&[h^ Jol]b[mcha jlij_lns Ê qbc]b l_[ffs _hn[cfm [ ncihm(Nb_]igg[h^chai   ]_lcmomo[ffsacp_h
miih&ohncfnb_]b[chl_[]b_mnb_[h^p[lilnb_ fiha'n_lgf_[m_qcnb[fihafcmni`][p_[nm"mo]b ×lmn \c^ c` b_ qcmb_m ni jol]b[m_ nb_ g_]b&
jfsa_h( ;n mig_ jichn& [ff ]cpcfc[h bc_l[l]bc_m [mËnbcmjlij_lns][h\_l_]f[cg_^\snb_=ih' \onc`b_^_]c^_mhinni&[fiq_l'f_p_fg_g\_l

.3;?


¡ ¢

i` nb_ ]l_q "qcnb nb_ ]igg[h^_lÎm j_lgcm' [\iong[llc[a_(Jlij_lnscmiqh_^dichnfs[h^ ; ]_ln[ch []]_jn[\f_ gchcgog i` ]lcg_ cm
mcih# g[s []kocl_ iqh_lmbcj( Mig_ncg_m nb_ l_mjihmc\cfcnscmmjfcn_ko[ffs(Qig_hb[p_nb_ cahil_^( Q_[fnbs j[mm_ha_lm [l_ i]][mcih[ffs
]l_qg_g\_lchko_mncihgomnq[cnohncfb_cm m[g_ lcabnm [m g_h ch [ g[llc[a_( =bcf^l_h l_fc_p_^ i` _r]_mm jimm_mmcihm& \omch_mm_m [l_
jligin_^ni[bcab_ll[he\_`il_b_][hf_a[ffs [l_f_a[ffs]ihmc^_l_^ni\_g_g\_lmi`nb_cl Ëjlin_]n_^`lig[]]c^_hnmÌ\sj[scha[gihnb'
iqhnb_g_]b(@ilnb_gimnj[ln&nbioab&gcfc' `[nb_lmÎ _rn_h^_^ `[gcfc_m `il joljim_m i` fs `__& [h^ l[h^ig ]lcg_m mo]b [m goaacham
n[lsg_]bml_g[chaip_lhg_hnjlij_lns( chb_lcn[h]_& ch e__jcha qcnb ^q[lp_h nl[^c' il p[h^[fcmg [l_ e_jn ni nb_ jiil_l ^cmnlc]nm(
C`[g_]bcmmnif_hil^_mnlis_^&nb_iqh_lÎm ncih( =lcgch[fm qbi ij_l[n_ ionmc^_ nb_ aocf^ [l_
bihilcmal_[nfsn[lhcmb_^(;hi   ]_lÎmg_]bcm johcmb_^ qcnb qilm_ `[n_m nb[h [hs m_hn_h]_
bcmfc`_[h^fimchaih_ch\[nnf_cmp_ls_g\[l' Ila[hct_^=lcg_ nb_ Domnc][lm ]iof^ cgjim_( @il nb_ g_]b
l[mmcha( Cn ][h [fmi f_[^ ni johcmbg_hn oh^_l ]igg[h^_l& nb_m_ nif_l[\f_ ]lcgch[f []nm [l_
nb_ F[q `il ^_l_fc]ncih i` ^ons( Iqh_lmbcj
l_^o]_ml_]ef_mmh_mmmch]_gimnch^cpc^o[fm^i
hina_n][l_f_mmqcnbnb_cliqhjlij_lns(Gimn
? p_h oh^_l nb_ mn_lh F[q& nbc_p_m ][h \_
`ioh^(Cnb[mfiha\__hm[c^&ËSio][hhin
]l_[n_f[qmqcnbion]l_[ncha]lcgch[fm(ÌMch]_
`[l gil_ []]_jn[\f_ nb[h [h[l]bs [\i[l^ nb_
g_]b(
Nbcm l_f[ncihmbcj \_nq__h nb_ i   ]c[fm ih
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nb[hmolpcpchacnm^_mnlo]ncihohm][nb_^( _p_lsnbcha&[hog\_li`f[q\l_[e_lm[l_bc^cha nch_(?p_hg_g\_lmi`nb_nbc_p_maocf^cnm_f`
ch nb_ mb[^iqm( ?p_h ih nb_ ]fim_fs ao[l^_^ [l_i`n_hoh[q[l_i`mo]b[ll[ha_g_hnm(Omo'
G[llc[a_[h^@[gcfs b[ffm i` nb_ ]cns'g_]bm& nbc_p_m aocf^m ][h [ffs& [ ai'\_nq__h cm oncfct_^ `lig nb_ aocf^
Øiolcmb( Mgoaafcha& `ila_ls i` c^_hnc×][ncih& ninb_[onbilcnc_m(;nfiq_lf_p_fm&ao[l^mg_h

M n_hc[hF[qb[m^ih_fcnnf_ni]b[ha_nb_q[s
^q[lp_mpc_qg[llc[a_[h^`[gcfs(>q[lp_h
]f[hmb[p_fiha\__h[miol]_i`jlc^_[giha
l_[mmcahg_hn i` fcpcha ko[ln_lm& [h^ a_h_l[f
[]nmi`f[qf_mmh_mm[l_domn[mjl_p[f_hn[mnb_s
qiof^\_ch[hsinb_l]cns(
[h^moj_lpcmilm[l_i`n_hËihnb_n[e_Ìnil_f[r
m_]olcnsih[j[lnc]of[lhcabnilnin[e_[ehi]e
ni nb_ b_[^( Nb_m_ gchil i]]oll_h]_m [l_
nb_ ^q[lp_h ]ofnol_( Nb_m_ ]f[h nc_m b[p_ hin Ni mig_ ^_al__& nb_ jl_m_h]_ i` nb_m_ qc^_fsip_lfiie_^\snb_g_]b]igg[h^_l(
\__h `ilainn_h ip_l nb_ s_[lm& _p_h [m [^b_l' ila[hct[ncihm cm nif_l[n_^( ;fnbioab Nb_ aocf^ oh^_lmn[h^m cnm mc^_ i`
_h]_ninb_gq[h_m( i   ]_lm i` nb_ =ih`_^_l[]s nb_ \[la[ch( Ch _r]b[ha_ `il
>q[lp_m"[h^nb_Mn_hc[hmchnolh#pc_qg[l' l[l_fs [^gcn cn& ila[hct_^ ]_ln[ch fc\_lnc_m& nb_s [l_
lc[a_ [m [ \ih^cha i` nqi `[gcfc_m( Nbcm cm `[l ]lcg_ cm ]ihmc^_l_^ _rj_]n_^ ni e__j ]lcg_
gil_ cgjiln[hn nb[h [ mcgjf_ ^q[l` g[llscha []]_jn[\f_ ni nb_ [n [ nif_l[\f_ f_p_f
[hinb_l`ilfip_(Fip_cmi`n_hnb_f[mnl_[mih [fn_lh[ncp_( Mch]_ [h^ jl_p_hn [hs'
nb[n^q[lp_mg[lls(Nb_`[gcfs"[h^ih_Îm]f[h# nb_ Mn_hc[h jbc' nbcha nb[n ]iof^
cmm__h[m`[lgil_cgjiln[hnnb[h[hch^cpc^' fimijbs l_a[l^m ^[g[a_ nb_
o[fÎm`__fchamniq[l^mig_ih__fm_(G[llc[a_m f[q [m [h [\mi' g_]b(Hig_]b
[l_i`n_h[ll[ha_^&mig_ncg_m^_][^_m\_`il_ fon_& il^_lfs ] i g g [ h ^ _ l
nb_[]no[fohcih][hn[e_jf[]_( ]lcgch[f []ncp' qiof^ mn[h^ `il
Mch]_nb_^q[lp_h`[gcfsfch_cmnl[^cncih[ffs cns cm m__h [m [ ]lcg_ mjl__m&
nl[]_^ ih nb_ g[f_ mc^_& nb_ j[l_hnm i` [ aclf \_nn_l ijncih gol^_lm& il
omo[ffs n[e_ nb_ ×lmn mn_j niq[l^ [ll[hacha [ nb[h]b[im(Nb_ \f[n[hn ^cml_'
g[llc[a_( G[llscha [ ^[oabn_l chni [ jligc' ]lcgch[f_f_g_hn a[l^`ilMn_hc[h
h_hn `[gcfs ch]l_[m_m nb_ l_jon[ncih i` ih_Îm ][hh_p_l\_`offs F[q( Biq_p_l&
iqh ]f[h( @il nbcm l_[mih& g[f_ ^q[lp_m [l_ l_gip_^(@[l\_nn_l [ `_q cn_gm i`
l[l_fs[ffiq_^ni]biim_nb_cliqhfc`_g[n_m( `il nb_ ]lcgch[fm ni ]ihnl[\[h^ mfcjjcha
>[oabn_lmg[s\_]bim_h`ilnb_gihnb_^[s jifc]_ nb_gm_fp_m nb[h nblioab[]b_]ejichn&
i` nb_cl \clnb ch il^_l ni g__n mig_ jifcnc][f [ffiq ]lcg_m ni ai ih qcnb [h i]][mcih[f ^cahcn[ls
h__^ilm_nnf_[h[h]c_hn`_o^( hi]ihm_ko_h]_( \_cha li\\_^& il nb_ cgjimc'
>q[lp_hg[nlihm[l_nl[ch_^`lignb_^[sm Nb_ ]igg[h^_l i` [hs ]cns'g_]b ncih i` [ `_q ohi   ]c[f n[r_m ]iof^
i`nb_clsionbni\_[mojjilnmsmn_g`ilnb_cl jli\[\fsb[m[msg\cinc]l_f[ncihmbcjqcnbnb_ _[mcfs\_ip_lfiie_^(Nbc_p_maocf^m[l_i`n_h
bom\[h^m( Nb_ `[gcfs ohcn cm g_[hn ni \_ p_ls g[dil ]lcgch[f aliojm nb[n ij_l[n_ ih \i[l^( p_ls]iij_l[ncp_`ilnbcmp_lsl_[mih(
mnliha[h^gil_nb[hih_^q[lp_hal[h^ginb' ?p_h nbioab mo]b []ncpcns cm ]fim_fs q[n]b_^ Ch l_nolh& nb_s e__j [h _s_ ion `il chnlo^'
_lqcff[mmol_sionb[nnbcmmnl_hanbl_mnmmif_fs \snb_gcfcn[ls[h^]ih^_gh_^\snb_=ioh]cf& _lm [h^ m[\in_olm( Gil_ nb[h ih_ mn[fe_l b[m
ihnb_mbiof^_lmi`nb_qig[h( cncmh_]_mm[lsnig[chn[chil^_lihnb_g_]b( `iif_^ nb_ [onbilcnc_m [h^ jl_j[l_^ `il [h
Nb[n m[c^& nbcm mnlo]nol_ b[m ]l[]e_^ mig_' Nbc_p_m aocf^m _hmol_ nb[n m_lciom ]lcg_m [l_ [mm[ofn ih nb_ ]cns'g_]bÎm chh_l qilecham&
qb[n ch nb_ f[mn ]_hnols( ?p_ls ^q[l`& g[f_ e_jnni[l_[mih[\f_gchcgog(Nb_`nm[l_]ig' ihfsni×h^nb[nnb_fi][f]lcgch[fmb[p_\__h
il `_g[f_& b[m [h cgjiln[hn lif_ ni jf[s ch gih& \on nb_s [fgimn h_p_l boln nb_ g_]bÎm q[n]bcha bcg mch]_ b_ m_n `iin ih \i[l^(
l_\ocf^cha nb_ mol`[]_( Nb_ f[mn nqi ^q[lp_h ij_l[ncih(Mgoaafchacm[]no[ffsl_aof[n_^[h^ Hi\i^s q[hnm ni m__ nb_cl big_ chp[^_^ [h^
a_h_l[ncihm b[p_ b[^ [ gil_ nif_l[hn pc_q i` ]ihnliff_^( <s _hmolcha nb[n m_]olcns cm f[r [n nb_cl `[gcfs g[^_ pofh_l[\f_( Ih]_ nb_ aocf^
nb_cl^[oabn_lmÎ[g\cncihm&[h^nb_jl[]nc]_i` [ n_gjncha n[la_n& nb_ g_]b ]igg[h^_l ][h b[m^_[fnqcnbnb_ionmc^_l&nb_sg[e_[koc_n
g[llscha`ilfip_^i_mhÎnm__gkocn_[mlc^c]o' \_]ih×^_hnnb[ngoaachamilgol^_lqcff\_ l_jiln ni nb_ fi][f [onbilcnc_m& [h^ [hinb_l
fiom[mcn^c^( e_jn ni [ gchcgog( Nbc_p_m aocf^m [l_ \_nn_l h[g_f_mm mnl[ha_lÎm \i^s cm joff_^ ion i` nb_
Hih'^q[lp_h Mn_hc[hm b[p_ nb_cl iqh ]om' [njifc]chanb_cliqh]lcgch[f[]ncpcnsnb[hnb_ a_[l`il_mnih_jc_]_[n[ncg_(
nigm&i`]iolm_(Nb_F[qcmp_ls_p_h'b[h^_^ gcfcn[ls]iof^_p_lbij_ni\_(

.3;?


¡ ¢

h[n_^&[m[l_gimnil]m[h^inb_lgihmn_lm&[m hct_^ ;mm[ofn ^cpcmcih nl[chm `lig mg[ff_l


q_ff[mg[hsm][p_ha_lm( g_]bm ^_jfis_^ `lig ih_ i` nb_ ]cns'g_]bm(
; alioj ]igjim_^ _hncl_fs i` =ih`_^_l' >olcha mn[h^[l^ j[nlifm& nl[ch__m j[lnc]cj[n_
[n_ ]b[l[]n_lm cm _[ms ni jf[s( Cn cm `[clfs ch g_]b ^lcffm [h^ ]ig\[n `ilg[ncihm( Nb_
]iggih `il mg[ff gcfcn[ls ohcnm ni \_ G_]b[hct_^ >_`_hm_ ^cpcmcih nl[chm [fgimn
g[^_ oj i` m_p_l[f ch^cpc^o[fm nb[n _r]fomcp_fs ih nb_ ]cns'g_]bm( G_]b j[nlifm
b[p_p[lschadi\mqcnbchnb_=ih`_^' qcff i`n_h m_n oj n[la_nm [h^ jlipc^_ gi]e
_l[]s( ;fn_lh[n_fs& mig_ J=m ]iof^ [nn[]em`ilnl[ch__mnij[lnc]cj[n_ch(
\_chnb_gcfcn[ls&qbcf_inb_lm[l_ ; h_q l_]locn cm ]ihmc^_l_^ [ j[l\f_ ih]_
]cpcfc[h mojjiln mn[( G[echa nb_ b_ ]igjf_n_m bcm nl[chcha( C` nb_ ch^cpc^o[f cm
J=m [ mchaf_ Mn_hc[h g_]b ]l_q [fl_[^s [h []]igjfcmb_^ q[llcil il jcfin& b_
jlipc^_m [h _r]_ff_hn domnc×][ncih gomnmncffoh^_lainl[chchani`[gcfc[lct_bcg'
`ilacpchafiq'f_p_fJ=m[g_]b( m_f`qcnbjifc]c_m[h^jli]_^ol_m&\onbcmj_l'
; j[lns ]iof^ [fmi \_ `l__f[h]_lm `ilg[h]_chnb_]ig\[n[mj_]nmi`nl[chchag[s
qilecha `il nb_ gcfcn[ls( Nb_ [^p_h' q[ll[hn bcm chcnc[f ]iggcmmcihcha [n [ bcab_l
nol_lmaocf^i`Nbol[h'>igcm[j_l`_]n l[henb[hj[l\f_(Nbcmcml[l_&\oncn^i_mb[j'
biie `il nbcm miln i` [^p_hnol_( ;hs j_h(Nb_m_ch^cpc^o[fmb[p_jlip_hnb_gm_fp_m

+
gcfcn[ls]igg[h^qcffi]][mcih[ffs×h^nb_ q_ff_hioabnb[nhiih_qiof^ko_mncihnb_cl
h__^`ilË\f[]eijmÌiloh^_l]ip_lij_l[ncihm jligincihni[bcab_ll[he(
qb_l_ l_aof[l gcfcn[ls `il]_m [l_hÎn [jjlijlc' A_nncha ih \i[l^ [ ]cns'g_]b `il [ mbiln
[n_(;^p_hnol_l]b[l[]n_lm[l_j_l`_]n`ilmo]b j_lci^cm`[clfs_[ms&\on`ilfiha'n_lgb[\cn['
gcmmcihm( ncih g[s jlip_ kocn_ ^c   ]ofn( M__ j[a_ ,,.

JMD=K Nb_jli]_mmi`[hionmc^_l\_]igcha[g_g' i` >l[aihG_]b `il ^_n[cfm( Mig_ih_ qbi

-
\_li`nb_Mn_hc[h=ih`_^_l[]scm[]no[ffsp_ls dichm nb_ gcfcn[ls g[s a_n mn[ncih_^ [\i[l^ [
mcgjf_( ;]]_jn[h]_ l_kocl_m fcnnf_ gil_ nb[h ]cns'g_]b(
AF>GJE9LAGF []]_jncha nb_ ^_g[h^m i` nb_ Mn_hc[h mif^c_l
qbib[jj_hmni\_chmcmnchanb[nsiodich(Nb_

= b[l[]n_lm `lig nb_ =ih`_^_l[]s [l_


[fgimn _r]fomcp_fs i` f[q`of [fcahg_hnm(
Gimn[l_f[q`ofh_onl[filf[q`ofaii^(;`_q
Mn_hc[hgcfcn[lscmhinmbs[\ion`il]chanbim_
qbi^q_ffqcnbchnb_clm[`_tih_mnidichnb_cl
][om_( Nb_s omo[ffs l_kocl_ nb[n nb_ [jjfc][hn
=F;HB?LCN;A?
[l_ h_onl[f il h_onl[f aii^& \on nb_m_ [l_ ch
nb_gchilcns(Nb_Mn_hc[hm^ihinnif_l[n__pcf
[h^]b[im(
mq_[l [ff_ac[h]_ ni nb_ =ih`_^_l[]s& \on
inb_lnb[hnb[n&nb_jli]_mmcm`[clfsch`ilg[f(
Mo\m_ko_hnpcmcnm\sg_]bj[nlifmg[sp[fc^[n_
= f[h b_lcn[a_ b[m [ f[la_ lif_ ch nb_ m_f`'
cg[a_ i` [hs ^q[lp_h ]b[l[]n_l( Mn_hc[h
]b[l[]n_lm i` ^q[lp_h ilcach "qbc]b cm gimn
Nb_ =ih`_^_l[]s []]_jnm [ff l[]_m& s_n qb_nb_l il hin [ g_g\_l cm g[chn[chcha bcm i` nb_g# qcff oh^io\n_^fs `__f [ ]ihh_]ncih
cnm `ioh^[ncih cm ch ^q[lp_h nl[^cncih( H_q [ff_ac[h]_ ch aii^ `[cnb( I` ]iolm_& c` b_Îm ni nb_cl b_l_^cn[ls ]f[h( Nbcm ]ihh_]ncih cm
l_]locnm mbiof^ `__f ]ig`iln[\f_ [lioh^ hin& [jjlijlc[n_ _h`il]_g_hn []ncih g[s \_ _rnl_g_fs mnliha `il mig_ ^q[lp_m& lcp[fcha
^q[lp_m c` nb_s _rj_]n ni a_n [fiha ch nb_ h_]_mm[ls( "il _r]__^cha# nb_cl fis[fns ni nb_ =ih`_^'
=ih`_^_l[]s( @olnb_lgil_& gimn i` nb_ ]cns' <_]igcha j[ln i` [ gil_ `ilg[f `[]ncih _l[]s& qbcf_ `il inb_lm cn cm mcgjfs [ `[]n i`
g_]bmq_l_]ihmnlo]n_^qcnb^q[lp_mchgch^& i` nb_ =ih`_^_l[]s cm [ fcnnf_ gil_ ^c   ]ofn( nb_cl j_lmih[f bcmnils( L_a[l^f_mm& cnÎm qilnb
min[ff_ll[]_mb[p_[^c   ]ofnncg_h[pca[ncha Dichcha nb_ gcfcn[ls a_h_l[ffs l_kocl_m ]_lnc×' ]ihmc^_lcha^olcha]b[l[]n_l]l_[ncih&[m\inb
go]bi`nb_cl[l_[( ][ncih i` nb_ ch^cpc^o[fÎm [fcahg_hn pc[ mj_ffm [miol]_i`[^p_hnol_biiem[h^[`[]nilchnb_
Jf[scha[]b[l[]n_l`lignb_=ih`_^_l[]scm mo]b [m ^_n_]n _pcf)f[q)]b[im [h^ ^cm]_lh fc_m( ; ]b[l[]n_lÎmjms]bifiac][fg[e_oj(
_[mc_mnc`_p_ls]b[l[]n_l`lignb_j[lnscm[fmi mifc^ l_]il^ i` aii^ \_b[pcil il q_ff'ehiqh Nb_]f[hm^_m]lc\_^ihj[a_3[l_mig_i`
Mn_hc[h ch ilcach( <_][om_ Mn_hc[h ]b[l[]n_lm []nm cm [fmi [ jl_l_kocmcn_& [fnbioab l_f[ncp_fs nb_ \_mn ehiqh& \on nb_l_ [l_ g[hs inb_lm(
[l_ omo[ffs f[q`of& nb_s jl_`_l ni [^p[h]_ nb_ ohehiqh j[lnc_m g[s mncff dich \s ]iggcnncha Gimn]f[hm[l_q_ffehiqh`il[j[lnc]of[l_]i'
chn_l_mnm i` nb_cl aip_lhg_hn( Biq_p_l& cnÎm []nmi`al_[nb_licmg(;h_ql_]locngomn]ig' higc] il jli`_mmcih[f mj_]c[fns& il [ ^_×hcha
mncff_[msnijf[s][gj[cahmqb_l_nb_l_mni`nb_ jf_n_ bcm nl[chcha m[ncm`[]nilcfs \_`il_ \_cha j_lmih[f ]b[l[]n_lcmnc] "mo]b [m al_[n _h^ol'
j[lnscmhin[fmi`lignb_Mn_hc[h=ih`_^_l[]s( i   ]c[ffs ]iggcmmcih_^ qcnb [ l[he( Ih]_ [h]_&\fii^fomn&ilbih_mns#(Ch^cpc^o[fg_g'
Nb_Mn_hc[hJ=mg[smj_h^[fini`ncg_nlscha ch nb_ gcfcn[ls& nb_ mif^c_l g[s \_ mn[ncih_^ \_lmi`nb_]f[hl_jl_m_hnmo]bnl[cnmnip[lscha
nij_lmo[^_nb_cl]igj[nlcinm[mninb_pclno_m qb_l_p_l bcm moj_lcilm ^__g h_]_mm[ls( Gimn ^_al__m( Nbcm al[hnm ^q[lp_h ]b[l[]n_lm mig_
i`nb_=ih`_^_l[]s(Nb_sgcabnm__nb_gm_fp_m mif^c_lm[l_[nn[]b_^niih_i`nb_]cns'g_]bm& mj_]c[f[\cfcnc_m(
[m jlim_fsnct_lm ]ihp_lncha nb_ oh`[cnb`of& il \on nb[n ^i_mhÎn h_]_mm[lcfs g_[h nb_s ^q_ff ?[]b+mn'f_p_fMn_hc[h]b[l[]n_li`^q[lp_h
_p_hm_]l_n[a_hnmch×fnl[nchanb_cl_h_gc_m(C` ih nb_ ]cns'g_]b5 g[hs fiq'l[hecha mif^c_lm ilcach]biim_m[]f[hb_lcn[a_(Nbcm]f[hb_lc'
nb_inb_l]b[l[]n_lm[l_h_onl[f&nb_sg[sb[p_ mj_h^nb_cl_hncl_][l__lmihmg[ff_lg_]bmch n[a_ al[hnm ]_ln[ch mj_]c[f [\cfcnc_m& \on [fmi
hii\d_]ncihmni[^p_hnolchachnb_h[g_i`nb_ mol`[]_j[nlifm( mig_fcgcn[ncihm(Nb_`iffiqcha`iol]f[hm[l_
=ih`_^_l[]s( ?p_h c` nb_ inb_l ]b[l[]n_lm [l_ ?[]b ^cpcmcih i` nb_ gcfcn[ls b[m cnm iqh nb_gimn]iggih[gihaMn_hc[h]cnct_hm(
]b[inc]&nb_l_Îmmncffmig_]iggihalioh^ni nl[chcha `[]cfcnc_m [h^ mn[h^[l^m `il mo]]_mm( =f[h @l[fc_`4 =f[h @l[fc_` cm ehiqh `il
\_`ioh^4nb_Mn_hc[h]b[l[]n_lm][h[al__qcnb Nb_ @iing[h Ao[l^ nl[chm cnm mif^c_lm [n [h cnm nl[^_lm [h^ `l_cabn_lm( Ch ^[sm aih_ \s& cn
gimninb_lmnb[nfoh[lnbl_[nm[l_ni\__fcgc' oh^_lalioh^`[]cfcnsh_[l>o_lie(Nb_G_]b[' q[m nb_ ]f[h gimn ]iggihfs _h]iohn_l_^ \s

.3;?


¡ ¢

=f[h @l[fc_` b[m mj_hn gil_ ncg_ h_ainc[n' Gcafo^(Gcafo^]b[l[]n_lml_]_cp_[%+\ihom


cha nb[h q[llcha( Ohfce_ inb_l ^q[lp_m& nb_s niih_=l[`nmecff]b_]ei`nb_jf[s_lÎm]bic]_&
[l_ hin mojl_g_fs `[gcfc[l qcnb nb_ n[]nc]m i` qbc]bmn[]emqcnbnb_hilg[f^q[lp_h\ihomc`
nb_cl _h_gc_m( ; @l[fc_` ^q[l` ^i_m hin a[ch [jjfc][\f_(
nb_^q[lp_hl[]c[f\ihomni[nn[]eliffm[a[chmn =f[h >o_lie4 =f[h >o_lie cm nb_ f[la_mn
ai\fchic^m&ilnb_^q[lp_h^i^a_\ihomni;= [h^gimnp[lc_^]f[hi`nb_>o_liemnlihabif^(
[a[chmnac[hnm( Cnl_jl_m_hnmnb_nl[^cncih[fp[fo_mi`^q[lp_h
=f[h Eo^_[b4 Eo^_[b ^q[lp_m b[p_ [ bcm' mi]c_ns& [h^ cnm g_g\_lm [l_ ]fim_mn ni qb[n

-
nils i` a_g]onncha [giha nb_cl ]f[h( Nb_s gcabn \_ ]ihmc^_l_^ nsjc][f ^q[lp_m( Nb_s
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nb_nbogj_lf[oh]b_m[qii^_hilf_[nb_l\[ff
ni [ g[rcgog l[ha_ i` .* `__n( Nb_ q_[jih
chØc]nmhihf_nb[f^[g[a_[h^][h_p_hn[e_[h
I ]_lÎm ;lgil4 Nb_ Mn_hc[hm jlc^_
nb_gm_fp_m ih q_ff'e_jn jli`_mmcih[f
[jj_[l[h]_m( I]_lm i` nb_ l[he i` ib^og
^_fcp_lm [ \fiq qb_h nb_ n[la_n bcnm nb_ ijjih_hnibcm`__n( qcff i`n_h q_[l i]_lÎm [lgil ch jl_`_l_h]_
alioh^( Nb_ mif^c_l ][h [fmi om_ nb_ biie ni ;mo]]_mm`ofmnlce_`lig[nbogj_ll_kocl_m ni[ffinb_lnsj_m(I]_lÎm[lgilcm^_mcah_^
^cm[lg [h ijjih_hn& il qile nb_ biie chni nb_ ijjih_hn ni g[e_ [ @ilncno^_ m[p_ ">= ni\_qilh`ilfihaj_lci^mi`ncg_ch]l[gj_^
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bcgqcnbcn( ijjih_hn`[ffmninb_alioh^[h^cm]ihmc^_l_^ mcgcf[l ni nb[n i` jcfinÎm [lgil& \on cm ]f_[lfs
Qb_h omcha [ `iin biie& sio l_]_cp_ [ %, jlih_( @olnb_lgil_& b_ gomn g[e_ [ m_]ih^ ^_mcah_^`il[mb[lj_l[jj_[l[h]_(L[hechmca'
\ihom ih [nn[]e liffm g[^_ ni ^cm[lg il nlcj @ilncno^_m[p_[nnb_m[g_>=&il\_mnohh_^ hc[m [h^ g_^[fm [l_ ]l[`n_^ ^cl_]nfs chni nb_
[hijjih_hn"ch]fo^chanb_liffni[pic^\_cha `il+^.lioh^m( \l_[mnjf[n_ [h^ mbiof^_lm( Cn ^i_m hin i_l [
^cm[lg_^ilnlcjj_^#(;`iinbiie][h\_om_^ Nb_nbogj_lÎml[n_i`×l_cm_rnl_g_fsmfiq5 al_[n ^_[f i` jlin_]ncih& \on cm p_ls ]ig`iln'
ni al[jjf_ [ n[la_n q_[lcha g_^cog il b_[ps fce_[mn_[gaoh&cn][hihfs\_×l_^ih]__p_ls [\f_[h^mocn[\f_`ilq_[lchmc^_[g_]b(
[lgil& \on qb_h cnÎm om_^ ch nbcm g[hh_l& nb_ inb_l lioh^( Nbogj_lm [l_ omo[ffs ][llc_^ \s I]_lÎm [lgil ]ihmcmnm i` [ fcabn g_n[f

.3;?


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jf[n_m gif^_^ ip_l [ j[^^_^ d[]e_n( Mcgcf[l jcfin(;mmo]b&cncmnl_[n_^[mj[lni`bcmj_lmih' ni'^[s ]cns'g_]b fc`_ [h^ nb_ jl[]nc][fcnc_m i`
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<inb nb_ d[]e_n [h^ nb_ j[hnm ][h \_ _[m' g_]bÎmJO(;^l[aih][a_][h\_×nn_^ni[hs Cnq[mi\pciomni_p_ls]f[hch>o_lienb[n
cfs l_gip_^ [h^ koc]efs ^ihh_^ "l_kocl_m [ jcfinmn[ncih&\ona_h_l[ffs][hhin\_[^^_^ni >ola[h'fieq[m[jiq_lal_[n_lnb[h[hsnbcha
`off lioh^ []ncih#( I   ]_lÎm [lgil gomn \_ jimcncihmnb[nl_kocl_gi\cfcns&qbc]bch]fo^_m nb_s jimm_mm_^( Qb_h J[lcfom ^_j[ln_^& cn

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cn( l_fi[^_^&[mq_ff[mgimnj[mm_ha_lmn[ncihm( a_[lqlcabnm q_l_ nb_ e_s ni nb[n jiq_l( Ihfs
@iing[hÎm ;lgil4 Alioh^ mif^c_lm h__^ nb_s b[^ nb_ ehiqf_^a_ ni loh >ola[h'fie(
fcabnq_cabn& ^_j_h^[\f_ jlin_]ncih nb[n Gil_cgjiln[hnfs&ihfsnb_sb[^nb_ehiqf_^a_

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^i_mhÎnbch^_lnb_cl[\cfcnsnia_nch[h^ioni` ni\ocf^[hinb_lmo]b]cns'g_]bÊqbc]bg[hs
g_]bm(@iing[hÎm[lgil×nmnb_\cff(CnÎm`[clfs
oh]ig`iln[\f_qb_hqilhih[g_]b&\oncmhÎn K=;J=LK ]f[hf_[^_lmj_l]_cp_^[m[q_[jih(;h^qcnb'
ion_p_hnlscha&nb_a_[lqlcabnmq_l_[nnl[]ncha
[m\[^[minb_lmcgcf[lfsjlin_]ncp_[lgilm^o_ `iffiq_lm`lig`[l[h^qc^_&qbipc_q_^nb_cl
nicnmmj_]c[f]ihmnlo]ncih( _hcag[nc] ehiqf_^a_ i` mn_[g n_]bhifias [m
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\l_[mnjf[n_ qcnb chn_lfi]echa mbiof^_l ao[l^m MN?HC;H=IH@?>?L;=S dohcil a_[lqlcabnm q_l_ __]ncp_fs \ocf^cha [
[h^ b[f`'mf__p_m( ; ×h[f jf[n_ b[ham ^iqh h_q \l[h]b i` nb_ A_[lqlcabnm Aocf^ ih nb_
\_nq__hnb_mif^c_lÎmf_amch\inbnb_`lihn[h^
l_[l( Nb_ f_am [l_ ]igjf_n_^ qcnb [ g[n]bcha
j[cl i` f_[nb_l f_aacham( @iing[hÎm [lgil q[m
N b_ Mn_hc[h =ih`_^_l[]s ][g_ chni _rcm'
n_h]_qcnbnb_]ihmnlo]ncihi`>ola[h'fie&
nb_×lmn]cns'g_]b(;^q[lp_hpcmcih[lsh[g_^
mol`[]_qilf^(
Miih nb_ nbl__ dohcil a_[lqlcabnm `ioh^
nb_gm_fp_m hin ihfs []ncha [m [^gchcmnl[nilm
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cm p_ls ]iggih `il [lgil ni \_ j[mm_^ ^iqh jf[hmni[]cns'g_]b[h^[h]c_hnn[f_mi`[p[h' \s [ff nb_ g[dil jiq_lm i` >o_lie "[ lif_
ni mo\il^ch[n_m qb_h nb_ ao[l^ qbi q_[lm cn cmb_^ A_[lqlcabnm Aocf^( J[lcfomÎ ehiqf_^a_ nb_s q_l_ h_p_l nl[ch_^ `il#( Qcnb _[]b j[mm'
cmjligin_^(Nbcmcm]ihmc^_l_^[al_[nbihil [h^ gincp[ncih f_^ ni nb_ ]ihmnlo]ncih i` cha q__e& ]f[h _f^_lm i_l_^ _p_l'al_[n_l
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>l[aih =[a_4 G_]b jcfinm b[p_ p_ls i` nb_ ×lmn ]cns'g_]b& [m cm q_ff ehiqh "m__ a_[lqlcabnm( ?[]b q[hn_^ nb_ jiq_l `il nb_cl
fcnnf_ jlin_]ncih ch nb_ ]i]ejcn ih]_ nb_ j[a_ +1* i` >l[aihG_]b#( Qb[n cm hin q_ff iqh ]f[h( ?p_h gil_ ^cmnol\chafs& _gcmm[lc_m
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gil_ _pc^_hn nb[h [giha nb_ _fcn_ jcfinm i` ih\_bch^nb_m]_h_m&\sqbc]b>ola[h'fieq[m >liqg[nlc[l]bm&[g\cnciomqct[l^m&l_h_a[^_
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]f[cg_^g[hsi`nb_clhog\_l\s_[mcfsn_[lcha `ligm]l[n]b[mnb_×lmnMn_hc[hg_]b( g[h[a_^ ni a[ch [h [o^c_h]_& qb_nb_l f_acnc'
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nb_]i]ejcn( ]igjf_n_& \on nb_ ihfs fcpcha ^q[lp_m qcnb bog[h qct[l^ fcn_l[ffs mn_jj_^ ion i` gc^[cl
Nb_ ^l[aih ][a_ q[m ^_mcah_^ ni jlin_]n nb_ehiqf_^a_nie__jcnlohhchaq_l_J[lcfomÎ ni ]ih`lihn nb_ nbl__ a_[lqlcabnm qcnb [ jli'
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[lgil[mcnÎmmig_ncg_m][ff_^&cm[]no[ffsgif^' b[^j[lnc]cj[n_^chnb_]ihmnlo]ncihi`nb_]cns' diolh_s_^nimj_[eqcnbnb_a_[lqlcabnm5nb_l_
_^ip_lnb_jcfin[mb_mcnmchbcmjcfinÎmm_[n(; g_]b& [h^ g[hs eh_q _hioab ni l_j[cl nb_cl cm [h oh_rjf[ch_^ a[j ch bcm ncg_ mj_hn qcnb
][a_qcnbg_n[fjf[n_m[npofh_l[\f_fi][ncihm j[lnc]of[l\icf_l&ilg[chn[chnb_joff_smsmn_g
fiq_lm ip_l nb_ jcfin [h^ jlin_]nm bcm pcn[f nb_sb_fj_^^_pcm_(<onhih_`offsoh^_lmnii^
[l_[m(>l[aihG_]bjcfinm]omnigct_nb_[lgil nb_chnlc][n_qilechami`nb_a_[l`il_mnm&il
ni×nip_lnb_cl]i]ejcnqbcf_[ffiqchanb_gni ]igjl_b_h^_^nb_p[mnnohh_fmi`mn_[g
jcfinnb_g_]b`l__fs(;m[l_mofn&[^l[aih][a_ p_hnm nb[n e_jn nb_ g[mmcp_ g[]bch_
cmhinl_[ffs[lgilmigo]b[mjlin_]ncp_]ip_l' ij_l[ncih[f(
chamnb[n[l_chjf[]_qbcf_jcfinchanb_g_]b( <_][om_ i` nb_cl l[lc×_^
Nb_s[l_`om_^ninb_]b[mmcmi`nb_]i]ejcnmi ehiqf_^a_& nb_ nbl__ dohcil
>l[aihG_]b[lgil][hhin\_qilhionmc^_i` a_[lqlcabnm q_l_ p[ofn_^ chni
nb_g_]b&hil][hnb_jcfinf_[p_bcm]b[clqbcf_ jimcncihmi`jiq_l(?[]bi`nb_
nb_ ^l[aih ][a_ cm ch jf[]_( Nb_ ^l[aih ][a_ nbl__q[m[nb_[ln[h_hach__l
][h\_l_f_[m_^[n[hsncg_[m[`l__[]ncih&\on qbiq[hn_^hinbchagil_nb[h
qbcf_mncffchjf[]_>l[aihG_]b[lgilb[mjli' nijl[]nc]_bcm]l[`n&[h^hih_
pc^_^jl_]ciomm_]ih^mni^iqh_^jcfinm(Nb_ q[m j[lnc]of[lfs chn_l_mn_^ ch
[lgilg[shinbif^oj`ilfiha&\onomo[ffs`il []ncha [m [h [^gchcmnl[nil( <on
_hioab ncg_ `il nb_ jcfinÎm ]l_qg[n_m ni ^cm' mo^^_hfs _[]b i` nb_ nbl__ q[m
nl[]nilecffnb_^l[aih\_`il_nb_jcfincmfimn( `il]_^ chni _r[]nfs nb[n lif_& [m
Mig_ >l[aihG_]b jcfinm ^cm^[ch cnm om_ [h^ nb_sn_h^_^ni[ff[mj_]nmi`nb_boa_
jl_`_lnil_fsgil_ihnb_clmecffnb[h[jc_]_ ]cns'g_]b qbc]b ihfs nb_s oh^_lmnii^(
i`g_n[f&qbc]bnb_s]f[cgcmhil_[fjlin_]ncih Qb_h J[lcfom b[^ []n_^ [m [ \o_l& nb_sÎ^
ih]_nb_^l[aihb[m\l_[]b_^nb_boff( b[^ ncg_ ni jl[]nc]_ nb_cl ]l[`n5 \on qcnb bcg
; ^l[aih ][a_ ×nm mhoafs ip_l nb_ g_]b aih_&nb_sq_l_hiqnb_\o_lm\_nq__h^[s'

.3;?


¡ ¢

nb_hig[^mi`nb__h^f_mmjf[chm&[h^[fnbioab ih [ `_q nbcham( @clmn& cn q[m i\pciom "_p_h


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;n nb_ m[g_ ncg_ [ff nbcm q[m b[jj_hcha& cn q[m i\pciom nb[n nb_ qilf^ h__^_^
pic]_m i` ^cmm_hn q_l_ lcmcha [giha nb_ nl[' gil_ ]cns'g_]bm( Qb[n q[mhÎn i\pc'
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b[^aih_n_llc\fsqlihach>o_lieÎm[nn_gjnm []]igjfcmb [ mifoncih ni _cnb_l
ni ^_`_h^ cnm_f`( ;n nb_ ncg_ i` >ola[h'fieÎm jli\f_g(
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l_`oa__m b[^ mfiq_^ \on hin mnijj_^& [h^ ]cns'g_]b& ni \_ ][ff_^ H_^'
>ola[h'fie q[m [n nb[n jichn mncff mj_h^cha ^_ljce& qbc]b qiof^ []]_jn cnm
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Hiql_nolhninb_nbl__dohcil ]f_[lÊ[nf_[mn&cnm__g_^miÊ[m \_nq__hnb_Mn_hc[h=ih`_^_l[]s[h^>o_lie
a_[lqlcabnm( =ioln_^ \s _p_ls nb_a_[lqlcabnm_rjf[ch_^biqnb_ [jj_[l_^&qbc]bb[p_]ihncho_^ninbcm^[s(
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Ê nb_s q_l_ \_qcf^_l_^( Nb_m_ q_l_ _hac' l_p_lncha ni nb_ ih_ chmncnoncih nb_s nlomn_^ acp_hnb[nnb_l_mni`nb_]ioh]cfq[m^q[lp_h(
h__lm&hinjifcnc]c[hm5nb_sq_l_nche_l_lm&hin gimn& nb_cl iqh aocf^( <on qb_l_ ^c^ nb_ <on nbcm bog[h ][ff_^ @[mcf ^cm[piq_^ ehiqf'
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Nb_ dohcil a_[lqlcabnm q_l_ ch [al__g_hn nb_a_[lqlcabnmi`nb_G[mn_lL_jimcnils&qcnb al_[n[\cfcnc_m[m[h[^gchcmnl[nil(

.3;?


¡ ¢

Miih ko_mncihm [\ion @[mcf q_l_ ^_Ø_]n_^ ×h^[jf[]_chnb_Mn_cha[l^jlipc^_^b_cmi` Mn_cha[l^j[smq_ff`ilaii^ch`ilg[ncih&[h^


ni ih_ i` bcm j__lm ih nb_ =ioh]cf& [ =f[h mo   ]c_hnfs bcab f_p_f& b_Îm `[h[nc][ffs fis[f& johcmb_mm_p_l_fsnbim_qbi[nn_gjnninbq[ln
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mch]_ \__h [jjichn_^ ih_ i` cnm aip_lhilm( ohcnm& [fgimn fce_ mg[ff [^p_hnolcha j[lnc_m& mcgjfs^_mnlis[l_[mcn\_fc_p_mni\_bc^_ionm
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mi`n nc]e'ni]e hicm_ [n [ff ncg_m& [h^ bcm mech [l_aliojmi`i   ]_lml_mjihmc\f_`il^cl_]ncha ncih& [h^ cnm g_g\_lm ]ihmc^_l nb_gm_fp_m
b[^ \_aoh ni n[e_ ih [ mcfp_l mb__h( Mn_hcomÎ ohcnm\_fiqnb_g&\onnb_cl^cl_]ncihcmomo[ffs [\ip_nb_p_lsmi]c_nsnb_s[l_ao[l^cha(
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q_ffehiqh&\oncnq[m]ihmc^_l_^mnl[ha_biq CnÎm nbcm p[ao_ [h^ ij_h'_h^_^ ^cl_]ncih a[l^Îm[jjfc][ncihi`m_]olcnscm_rnl_g_(Mn_ch'
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chj[sg_hn`il\ocf^chaH_^^_ljce[l_mncffhin qc^_fsehiqh(Nb_cll_[]b_rn_h^mnblioabion f_g qcnb nb_ g[lnc[f f[q cgjim_^ \s Mn_hc[h
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>o_lie( boh^l_^m i` ij_l[ncp_m qilecha ^__jfs oh^_l niqh(Niig[hs]igj[hcihmb[p_^cm[jj_[l_^
;m nb_ l_[fcns i` H_^^_ljce \_][g_ gil_ ]ip_l qb_l_p_l nb_ Mn_hc[h =ih`_^_l[]s chnb_hcabnh_p_lni\_b_[l^`lig[a[chmcgjfs
_mn[\fcmb_^& nb_ ko_mncihm [\ion @[mcf [h^ li[gm( Ch nlonb& nb_ _hncl_ Mn_cha[l^ cm `_q_l `ilg[echanb_clijchcihm[\ionnb_]cns'g_]bm
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[ffs&nb_sq_l_m__h[mhinbchagil_nb[h`l[cf f_p_fnb[nnb_s[l_[\f_ni[]]igjfcmb[fin(;h^ h_]_mm[ls _pcf \s gimn g_g\_lm i` nb_ =ih'
chkoclc_m \s d_[fiom nl[^cncih[fcmnm( ;m H_^' qil^ i` nb_cl Ë[]]igjfcmbg_hnmÌ mjl_[^m `[l `_^_l[]s&[h^[fnbioabnb_cln_]bhcko_mg[s\_

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^_ljce \_a[h `oh]ncihcha& mi ^c^ nb_ Mn_hc[h [h^qc^_( _rnl_g_&g[hs[Mn_hc[hÎmfc`_b[m\__hm[p_^\s
=ih`_^_l[]s( ;fnbioab nb_ Mn_cha[l^ ]igg[h^m hi nb_cl_ilnm(
g_]bmcnm_f`&cnmjl_m_h]_cm`_fnchh_[lfs_p_ls Nb_ \caa_mn ^c_l_h]_ \_nq__h nb_ Mn_ch'
ij_l[ncihi`nb_Mn_hc[h=ih`_^_l[]s(I   ]_lm a[l^[h^nb_Domnc][lmcmnb_miol]_i`nb_clfis'
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][om_&nb_s][h_p_h]igg[h^__l[hi   ]_lÎm \_mnjimmc\f_mcno[ncih`il^q[lp_h]cpcfct[ncih

I ` nb_ cgjf_g_hnm [n nb_ =ih`_^_l[]sÎm


]igg[h^&hih_cmgil_`_[l_^nb[hnb_
Mn_cha[l^4nb_m_]l_njifc]_i`nb_=ih`_^_l['
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[h^ip_lfsm_p_l_[\ionnb_cl[jjfc][ncihi`nb_
F[q& ni \_ mol_& \on _mm_hnc[ffs nb_cl jlcg[ls
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`_^_l[]sb[m^ih_`ilnb_mol`[]_^q_ff_lm&cncm [l_ [ fin gil_ Mn_cha[l^ nb[h nb_l_ [l_ Domnc' Nb_Mn_cha[l^&ihnb_inb_lb[h^&[l_gil_
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[l_ g[hs& foh[l ]ofnm [l_ ]ihmn[hnfs `ilgcha& nbl_[nm ni nb_ =ih`_^_l[]s l_a[l^f_mm i` nb_ ni [ jifcnc][f chmncnoncih& nb_ Mn_hc[h =ih`_^'
[h^ qcnbch nb_ hilg[f mj_]nlog i` ]lcgch[f ]imnil]ihm_ko_h]_m( _l[]s& [h^ nb_s b[p_ \__h ehiqh ni ip_lmn_j
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.3;?


¡ ¢

_l[finb_lmn_[g'_hach_qile_lm[h^\_a[hbcm ;m[Mn_cha[l^i   ]_l&Alstchb[mmch]_lcm_h


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.3;?


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.3;?

¡ ¢

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.3;?


¡ ¢

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q[l`[l_& nlc\[f ]ihØc]nm omo[ffs ]ihmcmn_^ i`
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Gimn nbcham nb[n [ aliqcha g_]b^ig
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.3;?

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mn_[g_hach_m( ×r_^fi][ncihmchnb_clfcp_m(Mig_[l_mcn_mi` nb_clj[nb(


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`ilcmh_qmiol]_mi`g_n[f(Nb_F_acih^i_m[m nol_mi`al_[ng[d_mns&[h^mncffinb_lm[l_domn qcnb `il]_( Nb_ ]ig\[ncp_ Tb_egcl nlc\_ b[^
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\__h `ioh^ ni _rnl[]n nbcm Ëal_s aif^Ì `lig&
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; fnbioab nb_ j_ijf_ i` nb_ _h^f_mm jf[chm


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Ofncg[n_fs gil_ nb[h 0&*** q[llcilm q_l_

.3;?


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]l[n_l cm `off i` lo\\f_( Nbcm cmhÎn nb_ omo[f

N b_ giohn[chm nb[n ih]_ mb_fn_l_^ Liie


bc^_ inb_l m_]l_nm( >q[lp_m ih]_ fcp_^
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nb_ F_acih& \on b_ ][hÎn \_ _p_lsqb_l_(
Inb_l j_ijf_ qc_f^ jiq_l [giha nb_ nlc\_m
 
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c^_hncns ^cme& [h c^_[ nb[n F_acih [a_hnm ]_mm [\ip_( Gimn i` nb_ +&*** h_q jimcncihm
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qihÎn_[mcfs\_gcmn[e_h`il[l_aof[l]ich( C` [ B[p_h ]cnct_h q[hnm ni f_[p_& nb_ jli'
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[h^ nb_ m[g_ cm nlo_ i` nb_cl cgg_^c[n_ mo\'


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H ih_ i` nb_ inb_l g[dil g_]b^igm nlomn


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@[gcfsFc`_

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]f[hÎmmct_(Nb_m_g_]bmØsnqiØ[am4nb_Clih' Nb_ hig[^c] Clihniinb =f[hm g[e_ nb_cl Mn_hc[h=ih`_^_l[]s[mch[^_ko[n_(Nb_qilf^
niinb=f[hmÎØ[a[h^ih_mj_]c×]ninb_cl]f[h fcpcha \s l[c^cha nb_ q_[e il `il]cha jlin_]' b[^ ]b[ha_^& nb_s m[c^5 qb_nb_l nb_ ]f[h q[m
qcnbch nb_ =f[hm( Nb_s ^_]il[n_ nb_cl g_]bm ncihj[sg_hnmihnb_g(I`]iolm_&g[hsi`nb_ f_^\s[h_f^_lil[Ëa_[lb_[^&Ìcnq[mi\pciom
qcnb mjce_m& mno^m& \[l\m& [h^ l[til'mb[lj m_l' ]f[hmchpifp_^chmo]bjlin_]ncihl[]e_nm[\[h' nb[nnb_]f[hmsmn_g^c^hÎnqile(Nb_l_q[mfcn'
l[n_^ _^a_m& g[echa nb_g mig_ i` nb_ gimn ^ih nb_cl ]b[la_m qb_h l_[f ^[ha_l jl_m_hnm nf_^cmnch]ncih\_nq__hnb_Mn_hch=ih`_^_l['
`_[lmig_g_]bmni\_bif^[h^\[nnf_( cnm_f`( ; `_q ]f[hm l_g[ch fis[f ni nbim_ nb_s ]s[h^>o_liechnb__s_mi`nb_m_l_\_fm(<inb
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ncih[ffs lofcha nb_ ]f[h& nbioab [ `_q _r]_j' chanb_gm_fp_m[mm[pcilmi`nb_mol`[]_qilf^ _h]igj[mmcha g[hs ^c_l_hn \[]ealioh^m&
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?p_h mi& nb_ ]f[hm nl_[n nb_cl hih'^q[lp_h qbi g[chn[ch fis[fns ni _[]b inb_l ch nb_ qilf^l_kocl_^j_lmih[fjiq_l(Ihfsnb_gimn
g_g\_lmqcnbl_mj_]n[h^_ko[fcns(Qbcf_nb_ `[]_ i` ionmc^_ [^p_lmcns( <_][om_ nb_s [l_ jiq_l`ofch^cpc^o[fmb[^molpcp_^nb_foh[ll[ch
_f^_mn g[f_ lof_m& b_ a_h_l[ffs lof_m ch h[g_ ^cp_lm_& nb_s [l_& [m [ qbif_& gil_ ^c]ofn [h^ nb_ ]b[im cn \lioabn& [h^ ihfs nb_ gimn
ihfs& qcnb l_[f jiq_l l_mncha ch bcm mnliha_mn ni jca_ihbif_ nb[h nb_ Mn_hc[h =ih`_^_l[]s& jiq_l`of qiof^ molpcp_ ch nb_ s_[lm ni ]ig_(

.3;?

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M_]ih^&g_]bmq_l_nb_h_qmiol]_i`jiq_l( nb_ q_cl^ bs\lc^ i` f[qf_mmh_mm [h^ gih[mnc' i`nbcmh_qko[mc'ai^(


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@lig nb_ mc^_fch_m& nb_m_ ^cmm[ncm×_^ nb_mnl[ha_n_]bhcko_mhiqehiqh[mg_]b`o( jiln_lmi`nb_L_a_h_l[nil]ofn"^_m]lc\_^ih
^q[lp_m q[n]b_^ [m nb_ A_[lqlcabnm Aocf^ Inb_l ^q[lp_m Ê [h^ _p_hno[ffs ]l_[nol_m j[a_+,,#[h^[gsmn_lciom^_cnsnb_s][ffnb_
f_^_ilnm ni ]ihmnlo]n H_^^_ljce& [h^ nb_ i` [ff l[]_m Ê m[q biq nb_ ËClihniinb ]f[hÌ Lcabn_iom( Nb_s `__f nb[n nl[^cncih[f l_fcacih
Mn_hc[h =ih`_^_l[]s mfiqfs mjfcn i q[m ][lpcha ion [ fcpcha ih nb_ mol`[]_& b[m `[cf_^ BcabjichnÎm ^_hct_hm( Chmn_[^ i`
`lig >o_lie ^olcha nbcm jli]_mm( [h^nb_smioabnion<[^_l[h^nlc_^ jf[][nchanb_cgjin_hn^_cnc_mi`if^&nb_sb[p_
Nb_ nl[^cncih[ffs f[q`of ^q[lp_m ni dich bcm ]f[h( <[^_lÎm l_mjihm_ ^_]c^_^ nb[n ihfs BcabjichnÎm l[]_m ][h m[p_
q_l_ `il]_^ ni ]biim_ mc^_m& q[m mcgjf_4 ËNb_ if^ ]f[h q[sm nb_gm_fp_m`lignb_billilnb[njf[ao_mnb_cl
\ona_h_l[ffsl_g[ch_^il^_l_^ [l_ip_l(C[ghi]f[h_f^_l(Mn[ln qilf^( Nb_s [l_ ]oll_hnfs ]ih]_hnl[ncha nb_cl
chnb_jli]_mm(<onninbim_ih sioliqh]f[hÌ _ilnmih×abnchanb_foh[l^l[aihm[h^×h^'
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q[m \_cha g[^_( Nb_ Mn_hc[h jiq_lmnlo]nol_&[fiim_[ffc[h]_ jilnnbcmc^_[f&nb_s`ohh_fmig_i`nb_cl\iins
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;h^nbomq_l_\ilhnb_Clihniinb=f[hm(Nb_ ]ihncho_ ni aliq ch f_[jm [h^ \ioh^& ohncf cn `lignb_cll_fcaciom\_fc_`m&ionmc^_lml_`_lni
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[_m]_nc] jimcncih ionmc^_ g[chmnl_[g ^q[l` [ffslcp[fchanb_inb_lg_]b^igmchl_jon[ncih
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ncp_fs`_qchhog\_l&[h^^cmila[hct_^(Nb_l_ E9?A;
gih[mnc] n[f_hnm a[p_ nb_g [ ×lg alioh^cha [l_ +*&*** Clihniinb ]f[hmg_h mjl_[^ ip_l [
ch nb_ j_lmih[f jiq_l nb[n ]iof^ \_ []kocl_^
`lig chh_l mnl_hanb( Qb_h nb_s ^_]c^_^ ni
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nb_sb[^`ioh^qcnbnb_cliqhchh_l]bc( ][lp_ionqc^_mq[nbmi`n_llcnils(<onnb_s][h jiq_l nb[n ]_ln[ch mj_ffm jlipc^_& \on ih nb_
Nb_ch`ilg[ff_[^_li`nb_m_gihemq[m[h mo]]_mm`offsmnlce_`_[lchninb_b_[lni`[ffqbi qbif_&nb_Clihniinb^ihinnbchego]bi`cn(
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mnlo]ncih _ilnm \_a[h qcnb ihfs bcgm_f` [h^ `iln[\f__rcmn_h]_chqb[nqiof^inb_lqcm_\_ g_n[f[h^g[]bch_(G[ac]^i_mhin[ffiqnb_g
nqi^it_hinb_lgihem(<onqil^i`nbcmËinb_l [p_ls\f_[eqilf^( nigip_[\ionnb_mol`[]_qilf^nb[nq[mih]_
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]b[ha_^nb_]igjimcncihi`bcmalioj(Ohcn_^
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niinb=f[hm&[h^l_fcacihcmih_mo]b[l_[(
Mig_ ]f[hm [l_ l_fcaciom& qbcf_ inb_lm [l_hÎn5
<_][om_ g_]bm b[p_ \lioabn mig_ m_g'
\f[h]_ i` fc`_ \[]e ni nb_g& gimn nlc\_mg_h
l[l_fs n[e_ nb_ ncg_ ni mno^s [hsnbcha inb_l
ch[ncg_nb[nqiof^hinil^ch[lcfs\lchamo]b mig_ ]f[hm `iffiq nb_ if^ q[sm& qbcf_ inb_lm nb[h g_]bm [h^ mn_[g _hach_m( Nb[n \_cha
^cmj[l[n_aliojmnia_nb_l&<[^_l^cm]ip_l_^b_ _g\l[]_nb_h_ql_fcacihi`>inl[e(;m[fq[sm& m[c^&[`_qqct[l^m^ig[e_nb_clbig_mqcnbch
q[mmo^^_hfs[ffc_^qcnb]lcgch[fm[h^g[f]ih' nb_[hmq_lninb_ko_mncih^_j_h^mihnb_]f[h nb_ Clihniinb =f[hm& nbioab ch]l_[mchafs
n_hnmÊnb_m_h_q`iffiq_lmmb[l_^bcmpc_qmih ch ko_mncih( <on i` [ff nb_ Clihniinb =f[hm& nbim_qct[l^m[l_]ihmnlo]nilm(A_h_l[ffs&nb_
j_lmih[f jiq_l [h^ nb_ h[m]_hn Mn_hc[h =ih' nbl__ [l_ j[lnc]of[lfs hin[\f_ `lig [ l_fcacih [l][h_'qc_f^cha g_g\_lm i` nb_ ]f[hm b[p_
`_^_l[]s&\on`lig[]igjf_n_fs^c_l_hnj_l' j_lmj_]ncp_(Nb_×lmncmnb_D[ao[l=f[h&qbc]b \__h ac`n_^ qcnb nb_ [\cfcns& \_cha mil]_l_lm
mj_]ncp_(Ch_[lfc_lncg_m&nb_gihemqiof^hin cmbig_ni[P_mm_fi`>inl[e(;mnb_]f[hml_fs chmn_[^ i` nl[ch_^ mj_ff][mn_lm( Nb_m_ mil]_l'
b[p_[mmi]c[n_^qcnbmo]b^o\ciom]b[l[]n_lm& b_[pcfs ih nb_ gcabn i` nb_cl g[]bch_m& g[hs _lmom_nb_cl[\cfcnc_mni]l_[n_g[ac][fg_]bm
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^q[lp_h nohh_fm ch <[^_l ClihniinbÎm ]fogms& mjihn[h_iomfsg[hc`_mn_^nb_g[lei`>inl[e( [lgil om_^ qcnbch nb_ ]f[hm( Inb_l cn_gm nb_
mn_[g'\_f]bcha g_]b& qbc]b q[m miih [\[h' HiqnbcmP_mm_f&A[pchlof&b[mg[^_bcmbig_ ]f[hm jimm_mm b[p_ fce_fs \__h Ë[]kocl_^Ì ih
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`lignb_Mn_hc[hm(Nb_f_a[]si`<[^_l[h^bcm ]f[h ]ihmncnon_ >inl[eÎm f[la_mn ]ih]_hnl[n_^ Mbiof^ [ nlc\_mg[h ^_mcl_ ni jolmo_ qct'
gihemq[m[mnlihamb[^iqip_lnb_alioj&[h^ `iffiqcha&[h^[l_[jiq_l`of`il]_`ilnb_qcff [l^ls&b_qiof^b[p_nifi][n_[qct[l^[giha

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¡ ¢

nb_]f[hm&ilb_qiof^fce_fsb[p_ni[jjl_hnc]_ @ilnb_gimnj[ln&nb_Clihniinb=f[hm^ihÎn nb_s li[g `l__fs qb_l_p_l nb_s ]biim_( Gimn


qcnb nb_ FÎ[lcf_ _fp_m( Nb_ Hilnb Mn[l =f[h acp_go]bnbioabnninb__fp_m(Ncg_b[m_l[m_^ i` nb_g ×h^ nb_cl big_m ch nb_ Ø[nf[h^ [h^
cm ih_ i` nb_ `_q ni `i]om b_[pcfs ih g[ac]& go]bi`nb_l[]c[fmnlc`_\_nq__hnb__fp_m[h^ _h^f_mm jf[chm& \on [ p_ls `_q b[p_ p_hnol_^
[h^ ]iohnm g[hs qct[l^m [giha cnm hog\_lm( nb_^q[lp_mÊ[nf_[mnchnb_Clihniinb=f[hmÎ [m`[lq_mn[mnb_lioabf[h^m(;ffnb_nlc\_m[l_
Biq_p_l&nlo_qct[l^lscm\_]igcham][l]_&[m _s_m "g[s\_ hin mi ni nb_ Mn_hc[h =ih`_^' hig[^c]&micnÎmb[l^nim[sqb_l_nb_sgcabn\_
g[hsqct[l^m[\[h^ih_^nb_mno^ciomfc`_[`n_l _l[]s#( Nb_ Clihniinb ehiq nb_ ][n[mnlijb_m [n[hsacp_hncg_(Qb_h[al_[ndiomncmm]b_^'
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nb_g[l_nolhchani^loc^c]g[ac](;h^&ch^__^& nil_g[e_[h_qfc`_chnb_`[]_i`nb_[`n_lg[nb mi nb_ ]f[hm ehiq qb_l_ ni ]ihp_la_( <on
nb_l_g[s]ig_[^[sqb_hqct[l^ls\_]ig_m[ [m\_mnnb_s][h( ih]_cnÎmip_l&nb_sm][nn_l[a[ch(Mig_l_nolh
fimnmno^sni[ff\onnb_]ihmnlo]nilm( Ninb_Clihniinb&nb_j[mncmnb_j[mn(Nb_s ni `locn`of l[c^cha alioh^m i` nb_ j[mn5 inb_lm
;m [fq[sm& ]_ln[ch ]f[hm [l_ _r]_jncihm( b[p_`ilacp_hnb_bog[hm[h^inb_ll[]_mqbi nl[p_f ni if^ [l_[m ni m__ `lc_h^m5 inb_lm n[e_
G[ac] cm mnliha ch nb_ Mbchn[dc =f[h& qbc]b chp[^_^nb_clbig_m^olchanb_S_[lmi`<fii^ oj ch [ h_q ^cl_]ncih ni m__ qb[n nb_l_ cm ni
jl[]nc]_m [h [h]c_hn [ln i` mjclcn g[ac]( Nb_ [h^L[ch"`ilqb[nl_[f]bic]_^c^nb_mol`[]_ m__(=f[hmqcnbmcgcf[lgcal[ncihj[nn_lhm][h
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qcnb nb_ fcpcha miof i` [ fiha'^_[^ ]l_[nol_& nb_cl ^c_l_h]_m qcnb nb_ _fp_m i` FÎ[lcf_( \oninb_lmgcabng[e_[h[jj_[l[h]_ch[acp_h
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nb_s]ig\ch_qcnbnb_a_[l'^lcp_h[lnmchq[sm jlip_hom_`ofh_mmninb_]f[hÊoncfcnscmgil_ >o_lie(<onnb_l_[l_g[hs]f[hmmncffm][nn_l_^
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Bcabjichn( ]fcmnb[nm_j[l[n_nb_nqil_acihm[l_b[l^fs[

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Nb_Clihniinb=f[hmnlsnig[chn[chh_onl[f ]b[ff_ha_`ilnb_g_]b^_pcfmi`nb_Clihniinb
l_f[ncihmqcnbnb_FÎ[lcf_&[mnb_s\_fc_p_nb_s =f[hm(

<AHDGE9;Q g[sih_^[sh__^nb_cl[mmcmn[h]_chmn[h^cha
[a[chmn nb_ aliqcha nbl_[n nb[n cm nb_ F_acih(
Nb_l_`il_& nb_s ^i hin ai ioni` nb_cl q[s ni

N b_ Clihniinb =f[hm l[l_fs chpifp_ nb_g'


m_fp_mchjifcnc]mÊjifcnc][fg[]bch[ncihcm
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nb_Clihniinb&`ilMb[lb[mg[h[a_^ni][lp_[
aliqchag_]b^igioni`nb_]b[im&go]bfce_
<[^_lClihniinb^c^`ilnb_Clihniinb^q[lp_m
N b_ Clihniinb =f[hm [l_ [ fiim_ ]ih`_^'
_l[ncihi``[gcfc_m(Mig_`[gcfc_m[l_nlofs
\fii^ ech5 inb_lm om_ nb_ n_lg gil_ fiim_fs(
nbim_][h\_mifp_^chnb_diomnm(Nb_clfcp_m[l_ mifiha[ai(Nb_s[^gcl_bcmaliqchagcfcn[ls =oll_hnfs nb_l_ [l_ [lioh^ /* ]f[hm& nbioab
l_[ffsmcgjf_chnbcml_a[l^( gcabn& \on nb_s `_[l cn [n nb_ m[g_ ncg_& `il h_qih_mi]][mcih[ffslcm_ojoh^_lh_qjiq'
Nb_Clihniinb\inb[^gcl_[h^l_mj_]nnb_ Mb[lÎm F_acih q[hnm ni ohcn_ nb_ ]ihnch_hn _l`of G_]b Fil^m& qbi qch nb_ lcabn i` ]f[h
jiq_lnb[nnb_Mn_hc[h=ih`_^_l[]sb[m[]]o' oh^_lih_lof_( `ilg[ncihchnb_[hho[fAl_[nDiomn(N_hi`nb_
gof[n_^& \on nb_s \_fc_p_ nb_ Mn_hc[h mi]c_ns G[hs Clihniinb ]f[hm mb[l_ nb_ _h^f_mm gcabnc_mn]f[h`[gcfc_m[l_^_n[cf_^\_fiq(;h
ni \_ nii mnlcha_hn [h^ ]ih×hcha `il nb_g( jf[chm qcnb nb_ F_acih& [h^ nb_sÎp_ ]ig_ ch _f_p_hnb ]f[h& nb_ Fimn =f[h& il Giihq[n]b'
Nb_Clihniinb_hdisnb_cl`l__^igniigo]b& ]ihn[]n kocn_ i`n_h( Nb_ F_acih g_g\_lm _lm =f[h& cm ^cm]omm_^ ch nb_ M_]l_nm m_]ncih
[h^ nb_s ×h^ nb_ log\fcha j[l[hic[ qcnbch _hdis n_ffcha n[f_m i` [ aif^_h [a_ ch qbc]b ihj[a_+-/(
nb_ =ih`_^_l[]s ^cmnol\cha( Nb_ Clihniinb bog[hm lof_^& [h^ cn [jj_[lm nb[n nb_s qiof^ G[hsClihniinb]f[hmg_h[l_ch^_j_h^_hn&
[^gcnnb[nnb_Mn_hc[hmb[p_^ih_mig_aii^ fce_cnni\_mi[a[ch(;mnb_Clihniinb\_fc_p_ hinl_[ffsfcpchaqcnb[hsih_]f[h`il[hsf_hanb
`il BcabjichnÎm chb[\cn[hnm \s jlipc^cha ]cns' nb[n [ff l[]_m [l_ h__^_^ ni molpcp_ nb_ foh[l i` ncg_( Nb_m_ ]f[hmg_h gip_ `lig ]f[h ni
g_]bmnb[n][hbif^f[la_jijof[ncihm&nb_l_\s ]lcmcm[h^nb_b[l[mmchafoh[l]l_[nol_m&nb_s^i ]f[hip_lnb_gihnbmils_[lm&j[clchaojqcnb
jlin_]ncha nb_g `il nb_ foh[l l[ch [h^ nb_ hin fce_ b_[lcha mo]b jli'bog[h jlij[a[h^[( qbig_p_l nb_sÎl_ ]oll_hnfs b[pcha nb_ gimn
foh[l]l_[nol_mnb[n`l_ko_hnfs[nn[]e&\onnb_s Mb[l Nbct^c]Îm onijc[h pcmcih hi ^io\n qcff `ohqcnb(;mfiha[mnb_s]ihnlc\on_ninb_]f[h&
mbiof^hin[nn_gjnni_rj[h^nb_cl\il^_lm( _r]fo^_[ffhih'bog[hm&[h^[mnb_F_acihcm[ nb_sÎl_ q_f]ig_^& \on ch_pcn[\fs nb_s gip_
Nb_Clihniinbq[hnni]ihncho_nb_cl][l_' aliqchagcfcn[lsnbl_[n&nb_Clihniinb\_fc_p_ ih[nmig_jichn&qb_nb_l^o_niq[h^_lfomn&
`l__hig[^c]_rcmn_h]_(;h^nb_sqcff^i_p_ls' nb_sqcffmig_^[s\_`il]_^ni]ih`lihnnb_g \c]e_lcham& il mcgjfs [ ]b[ha_ ch gii^( Ih_

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nbchaqcnbchnb_cljiq_lnig[e_mol_nb_sb[p_ il \_ [hhcbcf[n_^( Nb_ Clihniinb b[p_ b_[l^ i` nb_ gimn `[giom mo]b alioj i` q[h^_l_lm
nb_lcabnnifcp_biqnb_sq[hn( logilmnb[nnb__fp_m`__fnb_m[g_q[s( cm[\[h^i`g_]bdi]e_smehiqh[mNb_=f[mb&
Qb_hcn]ig_mniFÎ[lcf_H[ncih&nb_^q[lp_m nbioabnb_l_[l_g[hsinb_lm(Qcnb[ffi`nb_
i` nb_ Clihniinb =f[hm _hps nb_ _fp_m ch nb[n ]f[h^_m]lcjncihmnb[n`iffiq&cnÎmkocn_jimmc\f_
nb_sq_l_[\f_nim[p_mig_m_g\f[h]_i`nb_cl nb[n ch^_j_h^_hn aliojm g[s b[p_ n[e_h oj
`ilg_l fcp_m [\ip_ alioh^ \s nl[hmgoncha nb_
nl__mi`nb_cl`il_mnmchninl[p_fchag_]bm(S_n& ?=G?J9H@Q l_mc^_h]_qcnbnb_g[n[hsacp_hncg_(
C`nb_l_cmmo]b[nbcha[mnb_Ënsjc][fÌClih'
nb_s[fmi×h^cnm[^\_][om_cng_[hmnb__fp_m niinb]f[h&cnqiof^l_m_g\f_[mg[ff_lp_lmcih
b[p_hin\__h[\f_nif_naii`nb_j[mn[m_[mcfs
[mnb_^q[lp_m[h^inb_ll[]_m( N b_ Clihniinb =f[hm [l_ hin fcgcn_^ \s
a_ial[jbs( Ohfce_ [hs inb_l g_]b^ig&
i` nb_ B[qe ]f[hm( <on nb_l_ [l_ g[hs liq^s
]f[hm nb[n _gof[n_ nb_ <[nnf_[r_ [h^ <oa\_[l

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[]ncpcnc_m nb[n acp_ nb_ Clihniinb =f[hm nb_cl ch]ch_l[nil ".#& clih g[c^_h ",#& doaa_lh[on qioh^m"r.#&jio]b(
l_jon[ncih( Ip_l[ff& nb_ Clihniinb =f[hm n_h^ "-#& e[\oni ",#& e[\onimbc "+#& eom[lc "-#& F[hao[a_m4=iggih&Il](
niq[l^h_onl[f[fcahg_hnm&\oni`]iolm_nb_l_ ginb_l".#&m_hm_c"+#&pcj_l",#&q[ect[mbc",#(
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s_[lm( <ilh ni [ bog[h ginb_l& >lie'
H[do al_q oj ch nb_ _h^f_mm jf[chm& li[gcha
b[f`'il] nb_ n_llcnils qcnb nb_ hig[^c] bog[hm i` nb_
;fcahg_hn4=b[inc]h_onl[f f[h^m[h^[pic^chanb_foh[l^l[aihm(B_mj_hn
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O h^_lnb_f_[^_lmbcji`G_]bFil^>lie'
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qilnb ni nb_ ]f[h& _[lhcha `[g_ [m [ ×_l]_
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a[ch_^nblioabnb_jlin_]ncih'l[]e_n\omch_mm& nb_]f[hÎmf_[^_lmbcj]b[ha_^b[h^mhog_liom
omcha nb_ jli]__^m ni `oh^ nb_cl g_]b \ocf^' ncg_m&`il]f[hmg[h[`n_l]f[hmg[h]b[ff_ha_^
cha( Fce_ =f[h <oa\_[l& =f[h <[nnf_[r_ cm ih_ nb_G_]bFil^`ilbcmjimcncihpc[nb_hilg[f
i` nb_ liq^c_mn i` nb_ Clihniinb =f[hm( Nb_cl =f[h <[nnf_[r_ q[s4 b[h^'ni'b[h^ ]ig\[n(
`[pilcn_ j[mncg_m ch]fo^_ ^lchecha& ×abncha& Ch ncg_& >lie'H[do al_q ni ]ip_n nb_ G_]b
[h^chncgc^[nchainb_lm( Fil^jimcncih`ilbcgm_f`&[h^b_q_hnion[h^
Nbcm]f[hiqhmnqie[\onim"m__j[a_-*i` _[lh_^cn(B_b[m^_`_h^_^bcmlcabnnif_[^`il
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ni ][j[]cns& [h^ ih_ mg[ff_l e[\onimbc( Nb_cl >lie'H[do cm [ mnliha f_[^_l [h^ [ `ilgc'
ohomo[f e[\onim fiiem fce_ ×_l]_ f[h^mb[lem >lie'H[do&=f[h<[nnf_[r_ ^[\f_q[llcil(B_cmhinehiqh`ilal[h^jf[hm&
g[^_ i` i\mc^c[h qcnb g_n[f l_ch`il]_g_hnm( G_]bFil^ \onb_e__jmbcm]f[hmg_hq_ffmni]e_^chaif^
Nb_smn[h^domnip_l,.*`__nn[ff( >lie'H[do& Clihniinb =f[h <[nnf_[r_ [h^ `ii^ Ê [h^ nb[nÎm qb[n g[nn_lm gimn ni
Nb_ <[nnf_[r_ =f[h ]ihn[chm [h ohomo[ffs G_]b Fil^& g[f_ b[f`'il] <\h+.4 =L +.5 nb_g(
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i` nb_ \_mn ]iaf[s_lm ch nb_ [l_[ [giha cnm G_]b;ne%+."]_ln[chg_]bm#5Alj%,*5;ne ?fdi Q[tcdc& Clihniinb =f[h <[nnf_[r_&
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nb_cl ]b_mn l_acih( Qb_h hin lohhcha jlin_]' l_^o]ncih -)É& `[mn gip_g_hn& b[f`'il] nl[cnm& fihamqil^# il %+*)%3 l[ha_^ "+^0)+3',*&
ncihl[]e_nm&nb_]f[hfce_mnimn[fejl_s&[nn[]e' cgjlip_^ oh][hhs ^i^a_& ch^igcn[\f_ qcff& mbiln\iq#il%+g_]b"[hsg_]bq_[jih#5M;
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?f^_l ?fdi Q[tcdc [^pcm_m G_]b Fil^ >lie' +*&Qcm++&=b[+*( `l__^ig& moaa_mncih5 MK <[l^c] ehiqf_^a_ "%,
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"[l][h[#%+-&Ehiqf_^a_"bcmnils#%+-&Ehiqf' cha mnilc_m [\ion nb_ Clihniinb =f[hm( B_ cm G[ac];lgm[h^;lgil&=l[`nMn_[ga_[l&=l[`n
_^a_ "fi][f# %+-& Ehiqf_^a_ "g_]b]l[`n# %2& hin [ g_g\_l i` [hs j[lnc]of[l ]f[h& nbioab Qih^liomCn_g&M]lc\_M]liff(
Ehiqf_^a_"mn_[g_hach_m#%+*&Gip_Mcf_hnfs b_ ][ffm bcgm_f` [h Clihniinb hiq& [h^ b_ cm Jimm_mmcihm4 %, ko[ln_lmn[& fcabn ]limm\iq&
%/& J_l`ilg "il[nils# %+/& Mj_ff]l[`n %+*5 q_f]ig_[giha[hs]f[h(Ch^__^&b_b[mmj_hn ^[aa_l& \l[]_lm i` [lgil %,& jio]b& mj_ff ]ig'
=l[`n G[ac][f G_]b& =l[`n Jiq_l_^ G_]b& ncg_[gihanb_g[ff&_p_hqcnbnb_gsmn_lciom jih_hnm&mj_ff\iie(
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mqil^& %, ^[aa_l& mbiln \iq& ]fi[e i` ]b[lcmg[ ni [hsih_ qbi ][l_m ni fcmn_h il [me( B_ [fmi +. % mj_ff f_p_f#5 *É[]c^ mjf[mb& ^_n_]n jicmih&
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Mj_ffm Ehiqh "-).).).),5 >= +. % mj_ff fcnnf_ ip_l [ ^_][^_( ;fnbioab b_Îm hin [ ]f[h g_mm_ha_l$& bif^ ]ihmnlo]n& g[e_ qbif_5 -l^É]ih'
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ncih& fcabn& g_h^cha& g_mm[a_5 +mnÉ]b[lg j_lmih& b_chpcn_^bcgni\_nb_<[nnf_[r_Îm_f^_l&`il q_[jih5 nc]e ni]e ehi]e5 .nbÉa_[l mnlc^_$& l_\ocf^
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ž ;mjclcng_]b[onig[nc][ffsa[chmnb_G_]bc'
^_rnliom `_[n [m [ `l__ `_[n nb[n ^i_m hin
]iohnniq[l^mcnmnin[f`_[nmfinm(Nbcml_jl_'
N b_ nqi gimn ^igch[hn f[hao[a_m [giha
nb_Clihniinb=f[hm[l_>q[lp_h[h^=ig'
gih(?fp_h[h^Ahigcmb[l_[fmi_h]iohn_l_^
g_nbi^ `il cnm \[m_ nsj_( A_h_l[ffs& nbcm m_hnmcnmonn_l]ihnlifip_lcnmh_q\i^s( i]][mcih[ffs [giha nb_ `_q ]f[hm ni b[p_ mo]b
l_kocl_m nb_ =l[`n "g_]b]l[`n# mecff( C` nb_ ž ; mjclcn g_]b [onig[nc][ffs g__nm [ff >_r' g_g\_lm( Gimn inb_l f[hao[a_m [l_hÎn ]ig'
mjclcn g_]b b[m nb_ ehiqf_^a_& nb_ niifm& n_lcns jl_l_kocmcn_m `il g_]b'l_f[n_^ `_[nm& gihfsom_^(Biq_p_l&\_][om_nb_]f[hmq[h^_l
nb_jbsmc][fgi\cfcns&[h^b[h^m"chmn_[^i` l_a[l^f_mmi`cnm[]no[fm]il_(Nb_jl_]cmcih mi go]b& nb_s jc]e oj nb_ f[hao[a_m i` nbim_
[lgm_h^chachq_[jihm#&cng[sl_j[clcnm_f`( qcnbqbc]bcng[hcjof[n_mcnm]ihnlifmcmih qbi fcp_ qcnbch nb_cl ^ig[chm( CnÎm omo[ffs nb_
;^^cncih[ffs& ^o_ ni cnm ]ihmnlo]n h[nol_& j[lqcnbnb_gimnmecff_^giln[fg_]bjcfin& ][m_ nb[n [n f_[mn ih_ g_g\_l i` _p_ls ]f[h
]_ln[ch mj_ffm [fmi jlipc^_ b_[fcha& j_l nb_ _p_h nbioab cnm >_r m]il_ cm _rjl_mm_^ \s mj_[emIl]&Ai\fch&ilqb[n_p_linb_lf[hao[a_

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l_\ocf^miofmj_ff_hnls( nb_ ]fogms gip_g_hn i` cnm g_n[f fcg\m cm ]iggih ni nb_ ]l_[nol_m nb_s `l_ko_hnfs
ž Qb_h nb_ g_]b \i^s bcnm * bj& nb_ mjclcn l[nb_lnb[hnb_×h_ginilmecffmi`[bog[h _h]iohn_l(
qcnbch cm hin cgg_^c[n_fs l_f_[m_^( Ni jcfin(
l_f_[m_nb_mjclcn&cnmp_mm_fgomn\_`ioh^( ž ;ffmjclcng_]bmnl_[n=l[`n"g_]b]l[`n#[h^
Cnmmbchn[dc]l_[nilmi`n_hbc^_nb_mjclcnp_m' G_]bJcfin[m]f[mmmecffm&l_a[l^f_mmi`ilcac'
m_fch[m_]l_n]igj[lng_hn&l_koclcha[>= h[f]f[mm( =;F?H>;L
,/M_[l]b]b_]enifi][n_(Qb_hnb_p_mm_f ž ;ff mjclcn g_]bm nl_[n g_]b di]e_s [m nb_cl
cm^_mnlis_^&nb_mjclcncml_f_[m_^&f_[pcha[
hilg[floch_^g_]b\_bch^(Nb_mjclcn][h
ih]_[a[ch\_][jnol_^c`nb_mbchn[dcmjclcn
`[pil_^ ]f[mm& chmn_[^ i` qb[n_p_l `[pil_^
]f[mm]ill_mjih^_^ninb_clilcach[f\i^s(
ž Nb_ mjclcn g_]b g[s ]ihncho_ ni [^p[h]_
N b_Clihniinba_h_l[ffs`iffiqnb_][f_h^[l
i` nb_ Mn_hc[h =ih`_^_l[]s( Nb_s [l_ nii
\oms mn_[fcha il \ocf^cha g_]bm ni ch]l_[m_
m_[f_l^_mcl_mnil_][jnol_cn( ch h_q ]f[mm f_p_fm( Gimn mjclcn g_]bm n[e_ nb_cl iqh jiq_l ni ][l_ [\ion [laocha ip_l [
ž Nb_mjclcng_]bl_]_cp_mnb_\[m_B>i`cnm f_p_fm [m g_]b di]e_sm& [h^ _p_hno[ffs nolh g_[mol_g_hni`^[sm(
g_]b nsj_( Cn l_]_cp_m [^^cncih[f ^+* bcn ninb_g_]b^_pcfjl_mnca_]f[mm(
^c]_ _ko[f ni nb_ bcn ^c]_ `lig ]f[mm f_p_fm ž ; mjclcn l_]_hnfs l_nolh_^ ni [ g_]b \i^s
`lig qb_h cn q[m [fcp_( Cn [fmi l_n[chm [ff g[s ×h^ cnm_f` oh[\f_ ni oncfct_ cnm h_q
inb_l ]f[mm [\cfcnc_m& nbioab nb_s g[s \_ \i^s__]ncp_fs\_][om_cnf[]eml[hemchnb_

.3;?

¡ ¢

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L?FCACIOMJL;=NC=?M
_fcacihjf[sm[f[la_lif_chnb_^[cfsfc`_i`
mig_ ]f[hm& [h^ cm ]igjf_n_fs cll_f_p[hn
chnb_fcp_mi`inb_lm(Cnl_[ffs^_j_h^mihnb_
h[nol_i`[acp_h]f[h(Acp_hnb_]b[inc]h[nol_
i` fc`_ [giha nb_ Clihniinb& nb_ n[mn_m i` nb_
[mDifc[h][ff_^b_lalioj&al_q\sih_ilnqi
h_qg_g\_lm(
;h _h]iohn_l qcnb nb_ Clihniinb =f[hmÎ
j_[]_`of =f[h i` nb_ Gc^^f_ J[mm ×h[ffs a[p_
Difc[h[big_(>_]c^chanb_Clihniinbb[^nb_
jiq_lni\lchab_l^l_[gnil_[fcns&mb_[h^b_l
`iffiq_lm mn[s_^ qcnb nb_ bimjcn[\f_ ]f[h `il
g[hss_[lm(
; gimn `ilnocniom nbcha b[jj_h_^ qbcf_
nb_ ai^m ]bim_ mc^_m ih nb_ f[q']b[im [rcm&
nb_ Lcabn_iom cm g_l_fs [ \_cha i` aii^h_mm(
Nbom& h_onl[f aii^ gimn ]fim_fs ^_×h_m cnm
[fcahg_hn(
Nblioab ^l_[gm& nb_ Lcabn_iom mj_[em ni
nbim_ qcnb nb_ ^_mcl_ ni ×abn nb_ foh[l ]l_['
nol_m[h^m[p_Bcabjichn(Nb_Lcabn_iom]bim_
bcm ×lmn b_li 0* s_[lm [ai& nb_ j[f[^ch Tsih
Ilcih& ]oll_hn f_[^_l i` nb_ Clihniinb Lcab'
ch^cpc^o[f jf[s [ f[la_ lif_ [m q_ff( Nb_ ]f[h Difc[h [h^ b_l `iffiq_lm l_mc^_^ [giha nb_ n_iom F[h]_lm =f[h( Mch]_ nb_h& g[hs [giha
^_m]lcjncihm[\ip_ch^c][n_qbc]bl_fcacihm[l_ Gc^^f_ J[mm Clihniinb( Nb_ ^_hioh]_^ a_[l' TsihÎm]f[hb[p_]ig_niqilmbcjbcg&[h^nb_
`iffiq_^\s_[]b]f[h(Nb_nqil_fcacihmgimn qlcabnMnie[n[Fidc][g_nifcp_qcnbnb_]f[h& l_fcacihcmmjl_[^cha(
]iggihfs [mmi]c[n_^ qcnb nb_ Clihniinb [l_ [h^mb_jligcm_^nib_fjnb_Clihniinb\ocf^[ Msg\if4;mcfp_l]limm(

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nb_Lcabn_iom[h^nb_L_a_h_l[nilm]ofn( ]cns'g_]bi`nb_cliqh(Difc[h&i`]iolm_&m[q >ig[chm4Aii^&Jlin_]ncih&[h^Mnl_hanb(
nbcm [m [hinb_l mcah nb[n mb_ q[m ih nb_ lcabn ;fcahg_hn4H_onl[faii^(
Nb_L_a_h_l[nilm=ofn j[nbniq[l^`of×ffchab_l^l_[g`ilBcabjichn(
Mb_b[mmch]_piq_^ni^iqb[nmb_][hnia_n

N b_L_a_h_l[nilm]ofncm[[hc^_[fcmnc]]ofn
^_^c][n_^nig[echanb_mol`[]_qilf^m[`_
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nb_ h__^_^ g[n_lc[fm[h^gih_s`ilnb_jlid'
_]n(<_][om_i`nbcmjligcm_&mb_[h^m_p_l[fi`
b_l`iffiq_lmb[p_l_nolh_^ninb_li[^&qb_l_
=IGG?L=?
nb_ qilf^Îm l[]_m b[^ [fl_[^s \_aoh ni qile
]iij_l[ncp_fs niq[l^ [ ]iggih ai[f( ;giha
nb_g& [ sioha bog[h qig[h h[g_^ Difc[h
nb_sbij_nia[ch\inbh_q`iffiq_lm[h^×h[h'
]c[fmojjiln`ilnb_][om_(
CnÎmoh]f_[lbiqDifc[hÎm^cpch_jiq_lmb[p_
? ]ihigc] l_f[ncihmbcjm [giha nb_ Clih'
niinb ]f[hm i`n_h ^_j_h^ ih nb_ h[nol_
i` nb_ ]f[h chpifp_^( =f[hm <[nnf_[r_& <oa'
Hi^qc\_a[hjl_[]bchanb[nc`nb_j_ijf_mi` ]ig_ [\ion( Mb_ qilmbcjm hi j[lnc]of[l ai^& \_[l& [h^ B[qe _[lh nb_cl e__j jlcg[lcfs [m
Bcabjichn ohcn_^& nb_s ]iof^ l_\ocf^ nb_ mol' [h^ nb_ L_a_h_l[nilm [l_ hin \[m_^ [lioh^ jl_^[nilm(Nb_sjl_sihnb_q_[e&qb_nb_lcnÎm
`[]_ mi]c_ns ^_mnlis_^ ^olcha nb_ foh[l l[chm( `ilg[f qilmbcj( Mig_ m[s nb_ l[q jolcns i` nblioab jlin_]ncih l[]e_nm il ionlcabn l[c^m(
<[h^_^nia_nb_l&mb_m[c^&nb_s]iof^]ihko_l b_l^__j'm_[n_^c^_[fcmgg[hc`_mn_^chnijol_ Nb_jli]__^mi`jlin_]ncihl[]e_nmn_h^ni\_
[hsjli\f_g&ch]fo^chanb_foh[l^l[aihm( ^cpch_jiq_l( _cnb_l[alc]ofnol[fjli^o]nm&qbc]b[l_omo[ffs
Nb_ qilg `[lg_lm ^c^hÎn \_fc_p_ ]iggih Msg\if4;Øiolcmbchanl__( _[n_h[nnb_h_rng_[f&ilnl[^_aii^m&qbc]b
j_ijf_ ]iof^ l_\ocf^ BcabjichnÎm mol`[]_& f_n >ig[chm4?[lnb&Fc`_&[h^Jlin_]ncih( [l_ nl[^_^ qcnb inb_l ]f[hm ni []kocl_ g_n[f&
[fih_ ×abn nb_ foh[l ^l[aihm( Nb_s \[fe_^ [n ;fcahg_hn4;hsaii^( `o_f&[h^g_]bj[lnm(L[c^ma_h_l[ffsjli^o]_
Difc[hÎmc^_[m&[h^]bc^_^b_l`ilnbchechamb_Î^ gil_ b[l^ ]ich[a_& jfom nb_ i]][mcih[f Ë\il'
_p_l\_gil_nb[h[qilg`[lg_l(Nb_hDifc[h Nb_Lcabn_iom liq_^Ìg_]bnb[n][h\_l_\ocfnqcnb[fio^_l
\_a[hg[hc`_mnchag[ac][f[\cfcnc_m&go]bfce_ _hach_[h^gil_aohm(
nb_`_qjlc_mnmqbifcp_^[gihanb_qilg`[lg'
_lm(Mb_niienb_m_aliqcha[\cfcnc_m[m[^cpch_
mcah nb[n mb_ b[^ [ mj_]c[f ^_mnchs ni `of×ff
N b_ Lcabn_iom cm [h if^ ^_cns qbi b[m f[ch
^ilg[hn `il g[hs gcff_hhc[( Gil_ nb[h
.*&***s_[lm[ai&nb_Lcabn_iomf_^;nbol[tni
Nb_ Clih G[c^_h =f[h cm b_[pcfs chp_mn_^
ch l[c^m [h^ ]ig\[n( Qb_h cn ]ig_m ni ]ig'
g_l]_&nb_sacp_p_lsfcnnf_ninb_fi][f_]ihi'
nb[n qiof^ ch^__^ n[e_ b_l [q[s `lig qilg nb_giih&qb_l_;nbol[t×lmn_h]iohn_l_^nb_ gs5gimnfs&nb_sdomnn[e_(Nb_s`i]omf[la_fsih
`[lgcha(<ois_^\snbcmm_]l_nehiqf_^a_&mb_ mnl[ha_foh[l]l_[nol_mnb[nÊ[mnb_Lcabn_iom nb_g_]bmi`nb_Mn_hc[h=ih`_^_l[]s[h^nb_
]ihncho_^b_ljl_[]bcha( l_p_[f_^nibcgÊqiof^ih_^[s\_]ig_[fc_h F_acih(Mig_ClihG[c^_h]f[hg_g\_lmfce_
?p_hno[ffs b_l ]b[lg [h^ jligcm_ i` [ ^cpchcnc_m chn_hn ih [nn[]echa nb_ n_ll_mnlc[fm nim[snbcmcm[h[]ni`[fnlocmg&`ilnb_s[pic^
\_nn_l fc`_ mq[s_^ mig_ i` nb_ sioha_l& gil_ "m__ Nb_ Mb[l^m`[ff Ko_mn& j[a_m /0'/1#( \offscha nbim_ q_[e_l nb[h nb_s& \on ionmc^'
c^_[fcmnc] qilg `[lg_lm( Difc[h \_a[h g__n' Nb_h&[`n_l[ffiqcha;nbol[tniq[fenb__[lnb _lm jichn ni nb_ `[]n nb[n Mn_hc[h [h^ F_acih
cha m_]l_nfs qcnb nb_m_ fis[f `iffiq_lm ch nb_ `il -&*** s_[lm& nb_ Lcabn_iom l[cm_^ bcg ni g_]bm n_h^ ni \_ [ fin \_nn_l _kocjj_^ "[h^
_[lfsgilhchabiolmni^cm]ommbiqnb_s]iof^ ai^bii^( B_ eh_q _p_h nb_h nb[n ;nbol[t nbomqilnbgo]bgil_aif^#nb[hch^_j_h^_hn
g[e_ nbcm ^l_[g [ l_[fcns( Nb_s ^_]c^_^ nb_ qiof^ jf[s [h chn_al[f j[ln ch jlin_]ncha nb_ g_]bm(
^cln'^q_ffchaqilg`[lg_lmf[]e_^nb_]iol[a_ n_ll_mnlc[f `onol_ \s ch`omcha bcm _mm_h]_ chni D[ao[l =f[h n[e_m nb_ Clih G[c^_h l[c^cha'
ni\lchanb_cl^l_[gni`locncih(Minb_s[\[h' nb_ mn[lmb[l^m( Qb_h ;nbol[t ]l_[n_^ nb_ fc`_mnsf_ih_mn_j`olnb_l(Nb_sb[p_[fgimnhi
^ih_^nb_cl`[gcfc_m[h^fcp_m&f_[pchaqcnbnb_ mn[lmb[l^m&nb_Lcabn_iomq_hn^ilg[hnnim[p_ ]igg_l]c[f il nl[^_ l_f[ncihmbcjm5 _p_lsnbcha
h_rnj[mmchag_]bnlc\_nim__eioninb_lmqbi bcm mnl_hanb `il nb_ ncg_ qb_h nb_ mn[lmb[l^m nb_s iqh ]ig_m `lig ij_h ]ig\[n qcnb nb_
]iof^b_fjnb_gmo]]__^( qiof^ ih]_ gil_ \_ h__^_^( B_ eh_q go]b Mn_hc[h =ih`_^_l[]s( D[ao[l b_lm_f` b[m [
Ih]_ ih nb_ li[^& Difc[h ^c^hÎn bc^_ b_l \fii^ qiof^ \_ mb_^ \_`il_ nb_ n_ll_mnlc[fm ËLi\ch Bii^Ì mnsf_ b[\cn qb_l_\s mb_ mb[l_m
^cpch_ jiq_lm( Mb_ om_^ nb_g ni b_[f nb_ ]iof^i\n[chj_[]_nblioab;nbol[tÎm_mm_h]_( nb_jli]__^mi`b_ll[c^m[a[chmnliao_Mn_hc[h
mc]e[h^b_fjnb_nlc\_mmb_[h^b_l`iffiq_lm Ni jlin_]n nb_ chhi]_hn& b_li_m qiof^ b[p_ i   ]_lm qcnb nb_ pc]ncgm i` nb_cl ]lcg_m& \on
g_n [fiha nb_ q[s( B_l [\cfcnc_m i`n_h a[ch_^ ni lcm_ oj `lig nb_ [mb_m i` ^_mnlo]ncih& [h^ [mc^_`lignb[n&nb_]f[hb[mpclno[ffshi_]i'
`ii^ [h^ m[h]no[ls `il b_l mg[ff alioj& gimn nb_ Lcabn_iom qiof^ jlipc^_ nb_g qcnb nb_ higc]nl[hm[]ncihm_r]_jnninl[^_qcnbinb_l
i` qbig qbi b[^ hin m__h [ jlc_mn ch nb_cl mnl_hanbni^imi( ]f[hm(
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_h]iohn_l_^& nb_ l[hem i` nb_ L_a_h_l[nilm& jlin_]ncih(;m[\_chaqbi_rcmn_^fiha\_`il_ J[mm fcp_ cgjip_lcmb_^ _rcmn_h]_m mn__j_^ ch

.3;?

¡ ¢

nb_[omn_lcnsi`nb_clgih[mnc]b_lcn[a_(Nb_cl
g_g\_lma_h_l[ffsb[p_p_lsfcnnf_b[l^]ich[a_
[nb[h^(@ilnb_Gc^^f_J[mm]f[hchj[lnc]of[l&
_p_lsnbchanb_]f[hjli^o]_mai_mchnicnm]cns'
g_]bjlid_]n(Niq[l^nbcm_h^&nb_]f[hcmmoj'
jiln_^ni[f[la_^_al__\sinb_l]f[hm&j[lnc]o'
f[lfsnb_Lcabn_iomF[h]_lm(Qb_hnb_Gc^^f_
J[mm]f[hlohmfiqihmojjfc_m&cnmg_g\_lm[l_
a_h_l[ffs[\f_ninl[^_nb_cl_hach__lcha_rj_l'
ncm_`il`ii^(;mfiha[mnb_sb[p__hioabj[lnm
[h^l[qg[n_lc[fmni]ihncho_nb_cl]cns'g_]b
jlid_]n&nb_Gc^^f_J[mm]f[hg_g\_lm[me`il
fcnnf__fm_(
Nb_ Lcabn_iom F[h]_lm [l_ [lao[\fs ih nb_
`lcha_m i` Clihniinb fc`_& ko[fc`scha [m go]b
[m [h [^p_hnolcha alioj [m [ ]f[h( Q_l_ nb_s
`ioh^_^[`_q^_][^_mf[n_l&ilch[hinb_lj[ln
i`nb_]ihnch_hn&nb_sjli\[\fsqiof^b[p_hi
Clihniinbnc_m[n[ff(;mcnmn[h^mhiq&nb_sb[p_
]fim_nc_mninb_=f[hi`nb_Gc^^f_J[mm&[h^
qbif_b_[ln_^fsmojjilncnm]cns'g_]bjlid_]n(
Gimn i` nb_ nl_[mol_ ]iff_]n_^ \s nb_ Lcab'

-
n_iom F[h]_lm ch nb_cl [^p_hnolcha _m][j[^_m
ai_mniq[l^nb_=f[hi`nb_Gc^^f_J[mm(

MI=C;FMNLO=NOL?

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b_ mi]c[f mnlo]nol_ i` [ acp_h ]f[h ][h
p[ls qc^_fs( Mig_ `iffiq nb_ nl[^cncih[f
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b[p_ ]ioh]cfm il lof_ \s \lon_ `il]_( <on nb_ ]igj_ncha g_]b jiq_lm ^iqh ni b[f`'jiq_l
gimncgjiln[hn_f_g_hni`Clihniinbmi]c_nscm P;FO?M ni q_[e_h nb_ mnl_hanb i` nb_ \fiqm ^_[fn&
nb_g_]b&[h^cnÎmnb_mi]c[fmnlo]nol_nb[nb[m [h^nbcmjiq_lcha^iqhacp_mmg[ff_lg_]bm[
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[nn_hncih(
=f[hsionbmf_[lh_[lfsihnb[nnb_gcabni`
N b_Clihniinb=f[hmp[fo_g[hsnbcham4jiq'
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g_]bm&[h^nbcmcml_Ø_]n_^chnb_cldiomnm(
×abncha]b[h]_[a[chmnf[la_lih_m5nb_\[nnf_
\_]ig_m [ nlo_ ]igj_ncncih \_nq__h jcfinm&
hin g_]bm( Nb_ \fiqm [l_ g[le_^ \s nb_ ^s_
nb_cl g_]bm cm ^cl_]nfs l_f[n_^ ni nb_cl ]f[hÎm [h^^_hnmnb_sf_[p_&[h^nb_]liq^mlof_qb_h
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Clihniinb ]f[hm& [h^ nb_cl nl[^cncih[f
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Clihniinb_hn_ln[chg_hn(
<_][om_g_g\_lmi`nb_Clihniinbaliqoj
i`_p_ls]f[hmg[hÎmfc`_`ligbcm_[lfc_mn^[sm( jcfinm [ ]b[h]_ ni n_mn nb_cl mecffm ionmc^_ i` j[lnc]cj[ncha ch nb_m_ diomnm& a[chcha p[fo[\f_
Nb_ cgjiln[h]_ i` nb_ g_]b& [h^ mecff ch l_[f^[ha_l&[h^acp__rj_lc_h]_^jcfinm[hion' nl[chcha[h^_rj_lc_h]__[lfsih&nb_s\_]ig_
jcfincha cn& moj_l]_^_m inb_l ]ihmc^_l[ncihm( f_n`il]b[ff_ha_m(Nb_sjl_p_hnij_h]ihØc]n mig_i`nb_\_mng_]bdi]e_smihBcabjichn(
;giha nb_ Clihniinb& l[]c[f il ]ofnol[f \[]e' [gihanb_]f[hmpc[bihil^o_fm&jlipc^_[]ih' G[hsaiihnimj_]c[fct_nb_clnl[chcha&\_]ig'
alioh^ cm `[l f_mm cgjiln[hn nb[h g_]b[hc][f mn[hnnl[chchaalioh^`ilg_]bdi]e_sm&[h^&i` cha g[mn_lm i` g_]b `o [m nb_ `[g_^ g_]b
[jncno^_(Qbcf_gimni`nb_ClihniinbÎmg_g' ]iolm_& g[e_ `il al_[n _hn_ln[chg_hn( Gil_ ^_pcfm(
\_lm[l_^q[lp_m&nb_sl_mj_]nnbim_g_g\_lm l_]_hnfs[gihamig_i`nb_gil_\[nnf_'nbclmns
i`inb_ll[]_mqbi][hjlip_nb_gm_fp_mom_`of ]f[hm& nb_s b[p_ [fmi \_]ig_ [ q[s ni ^_n_l' G_]bFil^Diomnm
ch [ ×abn il ch ×rcha g_]bm& [h^ nb_s af[^fs gch_ ]f[h f_[^_lmbcj pc[ G_]b Fil^ diomnm(
q_f]ig_nb_g[gihanb_clhog\_l(;mg_g'
\_lmi`nb_]f[h&nb_s[l_nl_[n_^hi^c_l_hnfs
nb[h nb_cl ^q[lp_h g_g\_lm& nbioab nb_s [l_
H_[l\s]f[hmdiomnl_aof[lfs&bihchanb_clmecffm
[a[chmnnb_\_mng_]bdi]e_sm[gihanb_g(
Qb_h diomncha& nb_ g_]bm om_ ihfs ]fim_'
N b_ËG_]bFil^Ìb[m\_]ig_nb_]iggih
ncnf_ `il [ f_[^_l i` [h Clihniinb =f[h&
[n f_[mn [giha nb_ liq^c_l ]f[hm( Ch ]f[hm
i`n_hip_lfiie_^qb_hnb_]f[hm]biim_nb_cl ]ig\[n q_[jihm& qbc]b nb_s ^off ^iqh qcnb qcnb G_]b Fil^ f_[^_lm& ]f[hmg_h ][h pc_
f_[^_lm( nbc]ef[s_lmi`]f[silbc^_(Nb_snb_h]i[nnb_g `il f_[^_lmbcj ch G_]b Fil^ diomnm nb[n n[e_
qcnb[nbchf[s_li`^s_`ilg[lechabcnm(?[]b jf[]_ [hho[ffs& omo[ffs ih nb_ ionmeclnm i` nb_

.3;?

¡ ¢

Clihniinb=f[hmÎ[hho[fq__efihaAl_[nDiomn(
Mch]_ gimn G_]b Fil^'lof_^ nlc\_m [^gcl_
mnl_hanb [\ip_ [ff _fm_& gimn i` nb_m_ \[nnf_m
]ig_ ^iqh ni b[h^'ni'b[h^ ]ig\[n \_nq__h
nb_]oll_hnG_]bFil^[h^bcm]b[ff_ha_l(Nb_
omo[fqchh_lmn_h^ni\_jiq_l`of\[l\[lc[hm(
I]][mcih[ffs& qb_h l_ko_mn_^& [ G_]b Fil^
diomnn[e_mjf[]_chg_]bm&ihfsnb_g_]bjcfinm
^ihinjiq_lnb_g^iqh`ilm[`_ns(;fnbioab
ilnb_G_]bFil^&qbiqcff^_]c^_c`nb_]ih'
Øc]nq[ll[hnmmo]b[^o_f(;mmogchacn^i_m&nb_
]bim_hg_^c[nil[ll[ha_mnb_^o_f(C`&biq_p_l&
nb_\_ffca_l_hnm\lcha[`lcpifiom]f[cg\_`il_
nb_ g_^c[nil& nb_s [l_ johcmb_^ qcnb m_p_l_
jbsmc][f f[\il [h^ imnl[]cmg( Ch _rnl_g_
chmn[h]_mi`fc_mil^cmbihil[\f_\_b[pcil&nb_s
[l__rcf_^`lignb_]f[h`il[gihnbilgil_&
`il]_^ ni _h^ol_ BcabjichnÎm b[l^mbcjm ih
+ JMD=K
AF>GJE9LAGF
=b[l[]n_lm `lig nb_ Clihniinb =f[hm mj[h
nb_ a[gon i` l[]_& ]f[mm& [fcahg_hn& [h^ [nnc'
nb_G_]b'Fil^diomnm[l_gil_^[ha_liom[h^ nb_cliqh&nb_l_\sl_f_[lhchanb_p[fo_i`nb_cl no^_( Nb_ n_h ]f[hm jl_m_hn_^ ch nbcm pifog_
b[p_bcab_lmn[e_m&nb_sl_m_g\f_nb_Clihniinb ]f[h [h^ nb_cl ]f[hmg_h( C` nb_s ^ihÎn l_f_[lh jlipc^_[qc^_l[ha_i`chmjcl[ncih`iljin_h'
=f[hmÎl_aof[ldiomnmch_p_lsinb_ll_mj_]n( cn&nb_s[l_q_f]ig_nidichnb_lomnlc^_lmil nc[f J=m( ;h^ nb_l_ [l_ gil_ nb[h .* inb_l
Chgil_l_]_hnncg_m&ch^cpc^o[fmm__echani g_]b nlc\_m( Ch [hs ][m_& mo]b johcmbg_hnm Clihniinb=f[hmhin^_m]lc\_^b_l_ch&ij_hcha
`ilg nb_cl iqh nlc\_m b[p_ `ioabn ch [hinb_l a_h_l[ffs _hmol_ nb[n ihfs m_lciom ]f[cgm [l_ nb_^iil_p_h`olnb_l(
nsj_i`G_]b'Fil^diomn(Nia[chnb_Clihniinb \lioabn\_`il_[g_^c[nil( <_][om_ i` nb_ qc^_ p[lc_ns i` jin_hnc[f
=f[hmÎ\f_mmcham&nb_ch^cpc^o[fgomn]igj_n_ ;m bihil ^o_fm [l_ m_lciom g[nn_lm& nb_ Clihniinb \[]ealioh^m& cnÎm `oncf_ ni [nn_gjn
[a[chmn nbl__ ]oll_hn G_]b Fil^m& c` ×abncha g_^c[nil acp_m nb_ m]b_^of_^ ]ig\[n[hnm [ ni ^_m]lc\_ [ Ënsjc][fÌ Clihniinb ]f[hmg_h(
ch b[h^'ni'b[h^ ]ig\[n& il nb_cl \_mn g_]b q__e ni qcnb^l[q nb_cl ]igjf[chn( Qcnb^l[q' Qb_h ]l_[ncha [h Clihniinb ]b[l[]n_l& cnÎm `[l
jcfinm& c` g_]b diomncha( Nb_ ]b[ff_ha_l ^i_m chacm[]no[ffs]ihmc^_l_^gil_bihil[\f_nb[h gil_ cgjiln[hn ni `i]om ih nb_ nb_g_m nb[n
hin h_]_mm[lcfs b[p_ ni \_[n _[]b G_]b Fil^ ×abncha[h^fimcha(C`nb_]ig\[n[hnmmncffqcmb nc_[ffClihniinbnia_nb_l(L_a[l^f_mmi`l[]_&
ilbcm\_mnjcfin&\onb_gomncgjl_mm[nf_[mn nim_nnf_nb_cmmo_chnb_[l_h[&nb_×abnn[e_m ]f[mm&ilinb_l\[]ealioh^_f_g_hnm&[hClih'
nqi ion i` nb_ nbl__( ; G_]b Fil^ acp_m bcm jf[]_ ih [h [mmcah_^ \[nnf_alioh^& omo[ffs niinbJ=mbiof^p[fo_]_ln[chnbcham4`[gcfsil
[jjlip[f qcnb [ nbog\m'oj [`n_l nb_ \[nnf_( C` [h _gjns g_]b b[ha_l il mj[]ciom ^idi( Nb_ ]f[hfis[fns5j_lmih[fjiq_l&qb_nb_lnblioab
nb_]b[ff_ha_lb[jj_hmni\_[n[ffnbl__G_]b ]f[hÎm _f^_lm& ch]fo^cha nb_ ilcach[f g_^c[nil ^cm]cjfch_&mnl_hanb&ilg_]bm5nb_cgjiln[h]_
Fil^milnb_cljlirc_m&nb_hb_a[chmnb_[oni' [h^)il nb_ G_]b Fil^& mn[h^ ch do^ag_hn i` i`diomncha[h^^o_fcha&\inbnim_nnf_^cmjon_m
g[nc]lcabnni]l_[n_bcmiqh]f[h( nb_ \[nnf_& qbcf_ [ff g[llc_^ g_g\_lm i` nb_ [h^ [m [ j[mncg_5 [h^ [ hih]ih`ilgcmn [h^
;mmogcha nb_ ]b[ff_ha_l a[chm bcm iqh ]f[h[l_chpcn_^niqcnh_mmnb_^o_f(;mnb_^o_f l_\_ffciomionfiieihfc`_&qcnbf[q`ofn_h^_h'
]f[h&nb_[jjlipchaG_]bFil^mi`n_hac`nnb_ ]ihmncnon_m qb[n [giohnm ni [ nlc[f ch inb_l ]c_m_rjl_mm_^jlcg[lcfsnblioab^cm]cjfch_il
h_q]ig_l qcnb m_p_l[f ]f[hmg_h& mig_ncg_m ]ofnol_m&nb_m_^o_fm[l_mig\_li]][mcihm[h^ fis[fns&hini\_^c_h]_ni[onbilcns(
q[llcil `[gcfs g_g\_lm& qbi ][h [c^ nb_ \lchahidisninb_cli\m_lp_lm( Clihniinb ]b[l[]n_lm ][h \_ i` [hs \[]e'
ojmn[ln]f[h(Nb_ac`n_^]f[hmg_hm__nbcm[m[h Nb_^o_fcmn_hn_lnb_cl[mbca[log_]bm[n[n alioh^( Nbim_ qbi [l_ l_]_hnfs `lig nb_
bihil& `il hi G_]b Fil^ qiof^ ac`n [ om_f_mm nb_cl big_m il [n ijjimcn_ _h^m i` nb_ ]ig' bog[h hig[^m i` nb_ Ø[nf[h^& il nb_ if^
]f[hmg_h5nb_ac`nchacmch^__^[mcahi`l_mj_]n gohcns(Nb_]ig\[n[hnm&f_^\s[Ë][ff_lÌqbi ^q[lp_h ]f[hm i` >o_lie& g[s l_n[ch nb_ mj_'
\inbninb_h_qG_]bFil^[h^ninbim_acp_h mbionmionnb_^_n[cfmi`]ihØc]n&nb_hjlial_mm ]c[f [\cfcnc_m i` mo]b ilcachm "[m ^_m]lc\_^ ch

-
ip_l [m ac`nm( ?[]b G_]b Fil^ Ë^ih[n_mÌ ×p_ nblioabnb_]iggohcnsch[mg[ffj[l[^_&acp' nb_ m_]ncihm ih nb_ Mn_hc[h =ih`_^_l[]s [h^
j_ijf_qcnbgc^'f_p_f]f[mmmecffm(G_g\_lmi` chanb_cl]f[hmg_hnb_ijjilnohcnsnim__nb_ F_acih#(
inb_l]f[hmhinchpifp_^chnb_G_]b'Fil^diomn ^o_fcmnm\_`il_nb_s_hn_lnb_cl\[nnf_alioh^(
i`n_hac`nnb_h_qG_]bFil^qcnbg_g\_lm&[m ;nnb_\[nnf_alioh^&nb_l_[mih`ilnb_^o_f
q_ff& [h^ Clihniinb ]f[hmg_h qbi b[p_ \__h cm l_cn_l[n_^ \_`il_ [ff( Nb_ ]ig\[n[hnm [l_
qih ip_l \s nb_ ]b[ff_ha_lÎm mbiqcha ch nb_ acp_h nb_ mcah ni \_ach( Nb_ ×abn ]ihncho_m @?;NMI@NB?CLIHNIINB
diomng[s^_]c^_nidichnb_h_q]f[h&nii( ohncfih_g_]bcm^cm[\f_^ilohncf[]ig\[n[hn =F;HM
mo\gcnm(Qbcf_mig_^o_fmb[p__r]__^_^×p_
Bihil>o_fDiomnm biolm& gimn _h^ qcnbch -* gchon_m( Nbioab
[]]c^_hnm b[jj_h& nb_ ×abnm l[l_fs l_mofn ch N b_ Clihniinb =f[hm [l_ q_ff ehiqh `il
nb_cl g_]b `o& nl[^cncih[f diomnm& [h^

B ihil ^o_fm [l_ om_^ ni m_nnf_ ^cmjon_m


[h^ j_lmih[f ]ihØc]nm [giha ch^cpc^o[f
]f[h g_g\_lm( Nb_ nqi ]ig\[n[hnm [lgil oj
^_[nb( Nbim_ qbi ^i ^c_ ch mo]b [ ^o_f [l_
nl_[n_^qcnbbihil(
Qb_h nb_ ^o_f _h^m& nb_ qchh_l l_]_cp_m
]b[inc] ]ofnol_& [m q_ff [m nb_ mnl[ha_ mjclcn
g[ac]nb[ncm`ioh^[gihanb_clg_g\_lm(Nbcm
fc`_mnsf_b[macp_hlcm_ni[hog\_li`[\cfcnc_m
ch [mbca[lo g_]bm Ê mg[ff& \fi]es g_]bm i` pch^c][ncih i` bcm mc^_ i` nb_ ilcach[f ]ig' nb[n [l_ hiq ]iggihfs `ioh^ ch nb_ `ilg i`
qii^_h [lgil ×nn_^ qcnb \fohn_^ f[h]_m "[m jf[chn(Nb_^cmbihil_^fim_lgomnnb_h_cnb_l mj_]c[f`_[nm(
^_m]lc\_^ ih j[a_ -1 i` nb_ G_]b G[ho[f#( ]igj_hm[n_ nb_ qchh_l il nb_ ]f[h `il nb_cl
Nb_ [mbca[lom _hb[h]_ nb_cl jcfinmÎ jbsmc][f ncg_chnb_g[nn_l(>_j_h^chaihnb_ilcach[f Al_[n_lG_]b@o"G_]b4
mecffm& g[echa nb_g mnliha_l [h^ `[mn_l& \on ]igjf[chn& nb_ fim_lÎm johcmbg_hn gcabn \_ Clihniinb#
nb_s^ihinfcgcnnb_jcfinmÎinb_lh[nol[fmecffm( [m fcnnf_ [m \_cha `il]_^ ni \_ nb_ Ë][ff_lÌ ch Nlo_g[mn_lmi`g_]b`oa[chnb_[\cfcnsnimnij
Molpcpcha[mnliha_l&koc]e_lijjih_hnchmo]b [hinb_lbihil^o_f&[fiqfsjimcncihchnb__s_m nb_cl ijjih_hnmÎ mnlce_m \_`il_ nb_ ijjih_hn
[g_]bl_kocl_maocf_[h^mb__lmecfff( i`nb_Clihniinb=f[hm&il\_cha`il]_^chninb_ l_[fct_mb_b[m^_]c^_^ni[nn[]e(
Nb_[laocha]f[hmg_h][hhindomn^ih[mbc' qchh_lÎmm_lpc]_`il[j_lci^i`m_p_l[fs_[lm( Jl_l_kocmcn_4 Cgjlip_^ G_]b @o& G_]b
a[lom [h^ \_[n _[]b inb_l chni mo\gcmmcih ni Jcfin+0l[hem
l_mifp_ nb_ cmmo_ ih nb_cl iqh( Chmn_[^& nb_s <_h_×n4Sio][hg[e_gil_nb[hih_g_]b
gomnj_ncncihnb_cl^cmjon_\_`il_[]f[h_f^_l `o ]iohn_l[nn[]e j_l lioh^& oj ni nb_ hog'

.3;?

¡ ¢

\_l i` [nn[]em i` ijjilnohcns sio b[p_( Siol <_h_×n4 >olcha siol nl[chcha qcnb nb_ Jiq_l`ofL_\oe_"Mjclcn#
]iohn_l[nn[]em ]iohn niq[l^ siol [nn[]em i` Clihniinb& sio f_[lh ni __]ncp_fs ×abn qcnb Sio [l_ gil_ __]ncp_ ch l_\oecha il ]ig'
ijjilnohcns`ilnb_lioh^(Nb_]iohn_l[nn[]em `iolg_]bmi`siol]biimcha(Siolg_]b[nn[]e g[h^cha(
[l_ g[^_ [m `l__ []ncihm& j_l nb_ Cgjlip_^ \ihomqcnbnbim_g_]bm_ko[fmsiol\[m_[nn[]e Jl_l_kocmcn_4 Nb_ [\cfcns ni l_\oe_ mjclcnm
G_]b@o`_[n( \ihom( Nbcm ch]fo^_m gofncjf_ [nn[]em c` sio iloh^_[^[m[/nb'f_p_f]b[l[]n_l
b[p_nb_g( <_h_×n4Siol_]_cp_[%.\ihomihnolhcha
Cgjlip_^G_]b@o"G_]b4 Hilg[f4 Ihfs nb_ ]f[mm_m i` g_]b di]e_s& ]b_]emninolhill_\oe_oh^_[^&mjclcnm&il[hs
Clihniinb# [mmcgcf[n_^& [h^ g_]b ^_pcf hilg[ffs b[p_ [ inb_l]l_[nol_msio[l_[\f_ninolhill_\oe_(
Mecff_^ g_]b `o jcfinm ][h l_[]n ni _h_gs g_]b[nn[]e\ihom( Nbcm`_[n][hihfs\_n[e_hih]_(
[nn[]em[fgimnchmn[hnfs( Mj_]c[f4 Gomn \_ n[e_h [n +mn f_p_f [h^
Jl_l_kocmcn_4 G_]b @o& G_]b Jcfin +- g[s hin \_ l_n[e_h( Ni []kocl_ gil_ g_]b M_hm_Mjclcnm"A_h_l[f#
l[hem ehiqf_^a_&[]b[l[]n_lgomnn[e_G_]b[hct_^ Sio][hm_hm_nb_jl_m_h]_i`mjclcnm(
<_h_×n4Qb_hjcfincha[g_]b&siog[som_ =ig\[nJl[]nc]_( Jl_l_kocmcn_4 ;\cfcns ni l_\oe_ il nolh
[h oh[lg_^ [nn[]e ni ]iohn_l g_f__ [nn[]em mjclcnm(
[a[chmn siol g_]b [m [ `l__ []ncih l[nb_l nb[h G_]bli\[nc]m"G_]b4 <_h_×n4<s]ih]_hnl[ncha[h^omchaih_i`
[m [ l_[^c_^ []ncih( Ch [ff inb_l l_mj_]nm& nbcm Clihniinb# sioll_\oe_)nolh[nn_gjnm`ilnb_^[s&sio][h
`_[n cm fce_ G_]b @o( Sio g[s ihfs g[e_ ih_ Sio[l_mimecff_^[njcfinchasiolg_]bnb[nsio m_hm_nb_jl_m_h]_i`mjclcn]l_[nol_m[mc`sio
mo]boh[lg_^]iohn_l[nn[]ej_llioh^&[h^cn g[e_]fcg\cha[h^dogjchach[g_]bfiie_[ms( q_l_omcha[^_n_]nmjclcnmmj_ff[nsiol]b[l[]n_l
]iohnm [a[chmn siol [nn[]em i` ijjilnohcns `il Sio][h_p_hg[e_[g_]bnog\f_( f_p_f&\onsio][hhina[chgil_nb[hnb_×lmn
nb_ lioh^( @_[nm mo]b [m =ig\[n L_Ø_r_m ^i Jl_l_kocmcn_m4 >_r +2%& G_]b >[h]_l& nqilioh^mi`__]n(Ihnb_×lmnlioh^i`]ih'
hin f_n sio ]iohn_l gil_ nb[h ih_ [nn[]e j_l Nog\f_ +* l[hem& nl[ch_^ \s Clihniinb ]f[hm' ]_hnl[ncih&siom_hm_nb_jl_m_h]_il[\m_h]_
lioh^&[fnbioabAl_[n_lG_]b@o^i_m( g_h( i`mjclcnmqcnbchl[ha_(Ihnb_m_]ih^[h^f[n_l
<_h_×nm4Sio[l_mi×h_fs[nnoh_^nisiol lioh^mi`]ih]_hnl[ncih&siom_hm_nb_hog\_l
DiomnFil^"G_]b4Clihniinb# g_]bÎm jimcncihcha nb[n sio ][h g[h_op_l cn i`mjclcnmjl_m_hn[h^nb_mnl_hanbi`nb_mnlih'
Sio [l_ n[f_hn_^ ch nb_ g_]b diomnm& [\f_ ni [m c` cn q_l_ [h _rn_hmcih i` siol \i^s( Qb_h a_mnmjclcnjl_m_hn(
chØc]nal_[n^[g[a_qcnb[hoh[lg_^\_fiq( ]fcg\chaildogjchach[g_]bqcnbj_l`_]nil
Jl_l_kocmcn_4G_]bJcfin/l[hem aii^g[h_op_l[\cfcns&sio[^^siol=fcg\[h^ Mgcn_Mjclcn"Mjclcn#
<_h_×n4Qb_hg[echa[hoh[lg_^[nn[]ech Dogjmecffgi^c×_lmninb_liff(Msh_las\ihom_m Sio][hmnlce_[mjclcnqcnb[jiq_l`of\fiq(
[g_]b&sio[^^%+^0ninb_^[g[a_sio][om_( `lig nb_ g_]b ^_pcfÎm mj_]c[f mecff om_m [\cfcns Jl_l_kocmcn_m4 ;\cfcns ni l_\oe_ mjclcnm&
mncff [jjfs( Sio g[s [fmi g[e_ [ g_]b nog\f_& =b[+-%
G_]bB[l^_h_^"G_]b4 nl[hm`_llchasiolNog\f_mecffgi^c×_lmninb_ <_h_×n4 <s omcha ih_ i` siol nolhcha
Clihniinb# g_]b(Nbcmihfsqilemqcnbg_]bmqcnbj_l`_]n [nn_gjnm`ilnb_^[s&sio][hmnlce_[mjclcnqcnb
Nb_ Clihniinb =f[hm [l_ jl[]nc][ffs \ilh ni il aii^ g[h_op_l[\cfcns( G_]bm g[e_ Nog\f_ [ jiq_l`of \fiq( ;^^ siol =b[lcmg[ \ihom
g_]b ×abncha& [h^ nb_s bih_ nb_cl n[f_hnm ch ]b_]em[nnb_hilg[f>=%.( ni siol [nn[]e liff [h^ siol l_\oe_ f_p_f ni
nb_ ]f[h diomnm( ;h Clihniinb ]f[hmg[h qcnb siol^[g[a_`ilih_g_f__[nn[]e[a[chmnnb_
nbcm`_[n][hnl[hm`_lbcmh[nol[f]ig\[n[\cfcns G_]bM]bif[l"A_h_l[f# mjclcn( @il _r[gjf_& [h 2nb'f_p_f mbchn[dc qcnb
ni nb_ g_]b& go]b fce_ G_]b[hct_^ =ig\[n Sio[l_h[nol[ffsehiqf_^a_[\f_[\iong_]bm( =b[lcmg[+/qiof^b[p_%,ni[nn[]e[h^^i%2
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=igjih_hnm4P&M&G&@&N C` nb_ ][mn_l ip_l]ig_m nb_ ]b[ff_ha_& nb_ N[la_nm4Sio[h^ih_inb_lnio]b_^]l_[nol_)


=[mnchaNcg_4+*gchon_m mo\d_]nÎm mjclcn cm `l__ ni l_nolh ni fc`_& [m c` nbl__f_p_fm
L[ha_4Nio]b [ l[cm_ ^_[^ mj_ff q_l_ mo]]_mm`offs ][mn ih cn( >ol[ncih4+gchon_)f_p_f">#
N[la_n4>_[^]l_[nol_nio]b_^ Ip_l]igcha nb_ ]b[ff_ha_ nsjc][ffs n[e_m Mj_ffL_mcmn[h]_4S_m
>ol[ncih4Ih_biol[h^chmn[hn[h_iom"m__ [\ion[hbiol( Fce__nb_l_[fjlid_]ncih&_r]_jnnb_][mn_l[h^
\_fiq# G[n_lc[f =igjih_hnm4 L[l_ b_l\m [h^ inb_l]l_[nol_mdich_^\sfche_^b[h^mjlid_]n
M[pchaNbliq4Hih_"m__n_rn# ch]_hm_ qilnb [n f_[mn /** aj& [h^ [ ^log il chni nb_ ?nb_l_[f Jf[h_( Nb_ ][mn_l ][h \lcha
Mj_ffL_mcmn[h]_4S_m"b[lgf_mm# inb_lgomc][fchmnlog_hn"`i]om#( ih_ [^^cncih[f ]l_[nol_ qcnb bcg j_l nbl__
Nbcm lcno[f cm mcgcf[l ni nb_ l[cm_ ^_[^ mj_ff& ][mn_l f_p_fm( Ih]_ _nb_l_[f& ]l_[nol_m hi
_r]_jn cn cm gil_ ]igjf_r [h^ gil_ ^[ha_l' F[sniL_mn fiha_l h__^ ni mn[s nia_nb_l( Qb_h nb_ mj_ff
iom( Nb_ mbchn[dc j_l`ilgm nb_ lcno[f ip_l nb_ H_]lig[h]sUMjclcnW _rjcl_m& [ff [_]n_^ ]l_[nol_m l_nolh ni nb_cl
\i^s i` nb_ ^_[^ ]l_[nol_& nb_h mchem chni [ F_p_f4=fl+&Mbh+ g[n_lc[f\i^c_m(
^__j nl[h]_( Bcm mjclcn nl[p_fm ion `lig nb_ =igjih_hnm4P&M&>@
G[n_lc[fQilf^[h^chninb_l_[fgmi`nb_^_[^ =[mnchaNcg_4+mn[h^[l^[]ncih G[n_lc[fct_
nil_nlc_p_nb_]l_[nol_Îmmjclcn[h^l_nolhcnni L[ha_4Nio]b Nl[hmgon[ncihU@il]_&MjclcnW
fc`_(Nb_]l_[nol_][hhinb[p_\__h^_[^fih' N[la_n4=iljm_nio]b_^ F_p_f4Mbh-&Mil)Qct-
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Nb_mo\d_]nÎmmiofgomn\_`l__[h^qcffcha M[pchaNbliq4Qcffh_a[n_m"i\d_]n# =[mnchaNcg_4+mn[h^[l^[]ncih
nil_nolh&[mj_ll[cm_^_[^(;qcffchamiofcmmncff Mj_ffL_mcmn[h]_4S_m"i\d_]n# L[ha_4G_^cog"+**`n(%+*`n()f_p_f#
l_kocl_^nig[e_[>=+*Qcffm[p_(C`nb_qcff' =[mnih[hs]iljm_&nbcmmj_ffjl_p_hnmcn"il ?_]n4L[s
chamiofcmnb[ni`[]f_lc]ilj[f[^ch&bcmf_p_fm nb_mjclcnilmiof[mmi]c[n_^qcnbcn#`lig_p_l >ol[ncih4+lioh^)f_p_f">#
ch nb_m_ ]f[mm_m [l_ [^^_^ ni nb_ >=& [m ion' \_cha l[cm_^ [m [hs ech^ i` oh^_[^& nb_ m[g_ M[pchaNbliq4Hih_
fch_^j_lj[a_0.i`>l[aihG_]b(;m[fq[sm& [m c` nb_ ]iljm_ b[^ \__h \olc_^ ch b[ffiq_^ Mj_ffL_mcmn[h]_4S_m
[mbchn[dc][mn_lal[hnm[%.]igj_n_h]_\ihom alioh^(F[snil_mn^i_mhinchn_l`_l_qcnbf[n_l ; j[f_ \fo_ l[s mjlcham `lig nb_ ][mn_lÎm
ni nb_ mo\d_]nÎm Qcff m[p_& [m ^_m]lc\_^ ch nb_ l_mnilcha nb_ ]l_[nol_ ni fc`_ ch [hs q[s& mo]b b[h^(B_gomng[e_[l[ha_^nio]b[nn[]eni
mbchn[dc ]f[mm ^_m]lcjncih( Ch [^^cncih& nb_ [ml[cm_^_[^( bcn nb_ n[la_n( Nb_ l[s l_[]b_m chni nb_ ?nb_'
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chnb_[`n_lfc`_( F_p_f4=fl/&Mbh/&Mil)Qct1 fi][ncih(
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×]ofn(?p_hc`nb_miofj[mm_mcnmQcffm[p_&nb_ =[mnchaNcg_4-*gchon_m cm]ip_l_^\s[`[chn\fo_[ol[[h^`il]_^chni
][mn_lgomnip_l]ig_[]b[ff_ha_chnb_Mjclcn L[ha_4J_lmih[f g[n_lc[f`ilg&_p_hc`cncmhilg[ffsch][j[\f_
Qilf^ ni l_mnil_ nb_ mo\d_]n ni fc`_( Nbcm l_j' N[la_n4Sio i` g[n_lc[fctcha( Nb_ ]l_[nol_ gomn l_g[ch ch
l_m_hnm nb_ ^c   ]ofns i` h[pca[ncha nb_ Mjclcn >ol[ncih4M__n_rn g[n_lc[f`ilg`ilnb_^ol[ncihi`nb_mj_ff&[`n_l
Qilf^& ×h^cha nb_ miof& [h^ ip_l]igcha [hs Nbcmmj_ffcmmcgcf[lni[mnl[fjlid_]ncih&_r]_jn qbc]b cn ][h \_]ig_ ch]iljil_[f [a[ch "[h^
nc_m cn g[s b[p_ ni cnm ]oll_hn jf[h_ i` _rcm' ihfs nb_ ][mn_l ][h nl[p_f ni nb_ ;mnl[f Jf[h_ ^i_mmi[onig[nc][ffsc`ch]iljil_[fcmcnmh[no'
n_h]_(A_h_l[ffs&nbcm]b[ff_ha_b[m[=L_ko[f omchanb_mj_ff( l[fmn[n_#(Nb_g[n_lc[fct_mj_ff^i_mhinchbc\cn
ninb_f_p_filBcn>c]_i`nb_mo\d_]n&[fnbioab G[n_lc[f =igjih_hn4 A_gm il ]lsmn[fm [hsi`nb_]l_[nol_Îminb_l[\cfcnc_m&ohf_mmnb_s
nb_>Gg[sgi^c`snb_]b[ff_ha_[mh_]_mm[ls( qilnb[nf_[mn-**aj( l_fsih\_]igchach]iljil_[f(
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×aolchaion[jottf_ilnl[j&ilmig_nbcha_fm_ G[ac]=cl]f_;a[chmnMjclcnm mo\d_]ni`[g[n_lc[fct_mj_ff&[h^nb_^cg_hmcih[f
^_p_fij_^\snb_>G( ;\dol[ncihUMjclcnW [h]bil qcff jl_p_hn ]l_[nol_m `lig \_]igcha
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;l_[4?g[h[n_m+*`n(`lignio]b_^]l_[nol_ cnb[mhi__]nih]l_[nol_mnb[n\_]ig_ch]il'
>ol[ncih4+*gchon_m)f_p_f jil_[fnblioabinb_lg_[hm(Ch]iljil_[f]l_['
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;m jlin_]ncih `lig mjclcnm& _r]_jn nb[n cn g[n_lc[fct_"[mmogchanb_s^ihin[fl_[^sb[p_
_h]igj[mm_m [ f[la_l [l_[ [h^ cnm ^ol[ncih cm nb_[\cfcnsni^imi#(;]b[l[]n_lomcha_nb_l_[f
fiha_l(Cn][h[fmi\_om_^[m[g[ac][fjlcmih jlid_]ncih&`il_r[gjf_&]iof^][mng[n_lc[fct_ni
`il[mjclcn&fce_g[ac]]cl]f_[a[chmn_pcf(Nbcmmj_ff \_]ig_mifc^[h^[_]nnb_G[n_lc[fJf[h_(
cm hin ]ogof[ncp_ qcnb jlin_]ncih `lig mjclcnm il
pc]_ p_lm[ il [hs i` nb_ inb_l jlin_]ncih il Jlin_]ncih`ligMjclcnm
g[ac]]cl]f_mj_ffm( ;\dol[ncihUMjclcnW
F_p_f4Mbh+
G[mm?nb_l_[fJlid_]ncih =igjih_hnm4P&M
H_]lig[h]sUMjclcnW =[mnchaNcg_4+mn[h^[l^[]ncih
F_p_f4=fl0&Mbh0&Mil)Qct2 L[ha_4Nio]b
L[ha_4Nio]b"m__n_rn# N[la_n4=l_[nol_nio]b_^

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>ol[ncih4+gchon_)f_p_f"># M[pchaNbliq4@ilncno^_j[lnc[f @[chnfs nl[hmfo]_hn ×_f^m i` g[ac][f `il]_


M[pchaNbliq4Qcffh_a[n_m"b[lgf_mm# Mj_ffL_mcmn[h]_4S_m mollioh^ nb_ mo\d_]nÎm b[h^m& nolhcha nb_g
Mj_ffL_mcmn[h]_4Hi"m__n_rn# Mcgjfs \s jichncha [n [ mjclcn [h^ mj_[echa chnijiq_l`of_fiha[n_^]f[qm(Qbcf_minl[hm'
Nbcm mj_ff qilem fce_ jlin_]ncih `lig _pcf& [ qil^ i` jiq_l& nb_ ][mn_l ][om_m nb[n mjclcn `ilg_^&nb_mo\d_]ncm]ihmc^_l_^[lg_^_p_h
_r]_jn cn ihfs [_]nm ]l_[nol_m ]f[mmc×_^ [m ni\_nilh[moh^_l(Nbcm[_]nm_p_hmjclcnmch qbcf_ g[echa oh[lg_^ [nn[]em( Nb_ mo\d_]nÎm
mjclcnm [h^ [_]nm nb_g l_a[l^f_mm i` [fcah' _nb_l_[f `ilg qcnb hi ]b[h]_ i` mj_ff `[cfol_( oh[lg_^[nn[]em^i[h[^^cncih[f+^0^[g[a_(
g_hn( Chmn_[^ i` e__jcha ion moggih_^ [h^ Nb_mjclcna_nm[@ilncno^_m[pchanbliq[a[chmn @olnb_lgil_&mch]_nb_mjclcn]f[qm[l_[`il]_
]ihdol_^ ]l_[nol_m& nb_ mj_ff ihfs jl_p_hnm nb_ mj_ff( ?p_h c` cn mo]]__^m& cn mo_lm +*^0 __]n&nb_s][h[_]n_nb_l_[f\_cham[mc`nb_s
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>cpch[ncihUMjclcnW lchamnb_mo\d_]nq_[lm[l_l_h^_l_^n_gjil[l'
F_p_f4Mbh+ Mj_[eqcnbMjclcnm cfs ch[]ncp_& \on l_nolh ni hilg[f qb_h nb_
=igjih_hnm4P&M&G H_]lig[h]sUF[hao[a_'>_j_h^_hn&MjclcnW mj_ff_h^m(
=[mnchaNcg_4+mn[h^[l^[]ncih F_p_f4Mbh-
L[ha_4G_^cog"+**`n(%+*`n()f_p_f# =igjih_hnm4P&M&>@&N Mjclcn>[ln
;l_[4=ih_ =[mnchaNcg_4+*gchon_m ?pi][ncihU@il]_&MjclcnW
>ol[ncih4+*gchon_m)f_p_f"># L[ha_4+*`n( F_p_f4Mbh+
M[pchaNbliq4Hih_ N[la_n4Ih_^_[^]l_[nol_ =igjih_hnm4P&M
Mj_ffL_mcmn[h]_4Hi >ol[ncih4+gch()f_p_f =[mnchaNcg_4+mn[h^[l^[]ncih
;ffiqm nb_ ][mn_l ni m__ [mnl[f il _nb_l_[f M[pchaNbliq4Qcffh_a[n_m5m__n_rn L[ha_4G_^cog"+**`n(%+*`n()f_p_f#
i\d_]nm[h^\_cham[mc`nb_sq_l_hilg[ffspcm' Mj_ffL_mcmn[h]_4Hi N[la_nm4Ih_]l_[nol_
c\f_(Nb_mj_ff^i_mhinl_p_[fcffomcihmil[ffiq Sio ][h n[j chni nb_ Mjclcn Qilf^ [h^ [me >ol[ncih4Ih_^cm]b[la_&jfomih_j_lnqi
bcg ni m__ nblioab ij[ko_ i\d_]nm& hil ^i_m m_p_l[fko_mncihmi`[mjclcn(Mbchn[dc=f[h][mn' f_p_fm[\ip_+mn
cnl_p_[f]l_[nol_mnb[n[l_mcgjfsbc^cha&]ih' _lmi`n_hom_nbcmmj_ffnimj_[eqcnb^_]_[m_^ M[pchaNbliq4Qcffb[f`
]_[f_^&chpcmc\f_&ilinb_lqcm_b[l^nim__( ]f[h_f^_lm(Siog[s[meih_ko_mncihj_lnqi Mj_ffL_mcmn[h]_4S_m
][mn_lf_p_fm(Oh[me_^ko_mncihm[l_q[mn_^c` Nb_][mn_l]l_[n_m[^[lni`gsmnc]_h_lasch
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H_]lig[h]s cm fcgcn_^ ni qb[n nb_ ]l_[nol_ eh_q ^olcha l[ha_(Nb_^[lnmnlce_moh_llchafs&[fnbioabnb_
F_p_f4=fl3&Mbh3&Mil)Qct3 fc`_&ch]fo^chanb_f[hao[a_mcnmjie_"c`[hs#( n[la_n cm _hncnf_^ ni [ Qcff m[pcha nbliq( Nb_
=igjih_hnm4P&M&G&N ;hmq_lm[l_omo[ffs\lc_`&]lsjnc]&ill_j_ncncp_( mjclcn ^[ln ^i_m +^0%+ ^[g[a_ "b[f` ih [ mo]'
=[mnchaNcg_4-*gchon_m C`nb_]l_[nol_Îm[fcahg_hnq[m^c_l_hn`lig ]_mm`ofm[p_#&[h^[h[^^cncih[f+^0^[g[a_c`
L[ha_4Nio]b siolmchfc`_&nb_mjclcna_nm[Qcffm[p_nil_mcmn nb_n[la_ncm[mjclcn(Mch]_cncm[`il]___]n&
N[la_nm4Siojfomih_[^^cncih[f]l_[nol_ nb_mj_ff[mc`cnq_l_[fcp_(Nb_mbchn[dcÎmmjclcn nb_^[ln][hbcn_nb_l_[f]l_[nol_mfce_mjclcnm&
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>ol[ncih4M__n_rn C` nb_ mjclcn b[m \__h mo\d_]n ni mj_[e qcnb @il _p_ls nqi ]f[mm f_p_fm \_sih^ +mn& nb_
M[pchaNbliq4Hih_ mjclcnmqcnbchnb_j[mnq__e&nb_h_qmj_ff`[cfm( ][mn_l][hnbliq[h[^^cncih[fmjclcn^[ln&ih_
Mj_ffL_mcmn[h]_4S_m Sio][h][mnnbcmmj_ffni]ihn[]n[]l_[nol_nb[n j_l [nn[]e []ncih& ni [ g[rcgog i` ×p_ ^[lnm
Nbcm mj_ff cm _r[]nfs fce_ [mnl[f jlid_]ncih b[m\__h^_]_[m_^`il[hs[giohni`ncg_&\on [n 3nb f_p_f il [\ip_( Nbliqcha [ mjclcn ^[ln
_r]_jncnm_h^m[mjclcn`ilgg[^_i`mb[^iqm siogomnb[p_mig_nbchajl_pciomfsiqh_^\s ^i_mhinjlipie_[h[nn[]ei`ijjilnohcnsih]_
ni nb_ Jf[h_ i` Mb[^iq l[nb_l nb[h nb_ ;mnl[f nb_ ]l_[nol_ ch siol jimm_mmcih ni [nnl[]n cnm nb_ mj_ff cm ][mn( ; ][mn_l Ëbif^chaÌ l_g[ch'
Jf[h_(Mch]_nb_Jf[h_i`Mb[^iqnio]b_mojih mjclcn(Nbcmcn_gg[sch]fo^_\ih_`l[ag_hnmi` cha mjclcn ^[lnm cm ]ihmc^_l_^ ni \_ bif^cha [
nb_Oh^_lqilf^&nl[p_f_lmnb_l_][hnl[p_fchni nb_[h]_mnilil[hsj_lmih[fcn_g( ^cm]b[la_^ mj_ff5 nb_l_`il_& ][mncha [hinb_l
nb_Oh^_lqilf^&`ilgchah_qg[n_lc[f\i^c_m Nbcmmj_ff^i_mhinf_nsio[]no[ffs]ihp_lm_ mj_ff cgg_^c[n_fs ^cmmcj[n_m [hs l_g[chcha
`il nb_gm_fp_m( Nb_ ^ol[ncih [h^ __]nm [l_ qcnb nb_ j_lmih qbim_ miof b[m ^_j[ln_^( Cn mjclcn^[lnm(
fce_nbim_i`[mnl[fjlid_]ncih( chmn_[^ ^l[qm ih nb_ cgjlchn_^ ehiqf_^a_
G[n_lc[f=igjih_hn4;\f[]eij[fqilnb mnil_^chnb_MjclcnQilf^( MjclcnMj_[l
[nf_[mn+&***aj&jfom[mcfp_l\[lqilnb[nf_[mn ?pi][ncihU@il]_&MjclcnW
/ajj_lj_lmihni\_[_]n_^( Mjclcn=f[qm F_p_f4Mbh,
?pi][ncihU@il]_&MjclcnW >ol[ncih4Ih_^cm]b[la_&jfomih_j_lnqi
Mf[sMjclcn F_p_f4Mbh, f_p_fm[\ip_-l^
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=igjih_hnm4P&M L[ha_4Nio]b `ilb[f`^[g[a_#&[h[^^cncih[f+^2^[g[a_pm(
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L[ha_4=fim_",/`n(%/`n(),f_p_fm# >ol[ncih4+lioh^)f_p_f"># `il_p_lsnqif_p_fm[\ip_-l^&ni[g[rcgogi`
N[la_n4Ih_]l_[nol_ M[pchaNbliq4S_m"B[lgf_mm# ×p_mj_[lm[n++nbf_p_fil[\ip_
>ol[ncih4Chmn[hn[h_iom Mj_ffL_mcmn[h]_4Hi

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MjclcnQ[ff =iff_]nil \on ]ihp_sm _p_lsnbcha cn m__m [h^ b_[lm \[]e
?pi][ncihU@il]_&MjclcnW ni cnm ]ihnliff_l( Nb_m_ m[g_ ij_l[nilm gcabn
F_p_f4Mbh.
=igjih_hnm4P&M&@
=[mnchaNcg_4+mn[h^[l^[]ncih
E hiqh `il nb_cl ohg[n]b_^ mnl_hanb [h^
^_p[mn[ncha ql[nb& g[hs i` nb_ Clih'
niinb =f[hm [l_ qc^_fs `_[l_^ [h^ fi[nb_^(
[fmi ]iggohc][n_ qcnb nbim_ [lioh^ nb_ ]if'
f_]nil& omcha nb_ \iigcha& g_]b[hc][f pic]_
i`cnmg[mmcp_\i^s(Nbom&ij_l[nilm][hl_g[ch
L[ha_4=fim_",/`n(%/`n(),f_p_fm# Nbcm b[nl_^ mn_gm `lig nb_cl l_jon[ncih `il chnb_l_f[ncp_m[`_nsi`nb_clg_]bm&qbcf_nb_cl
?_]n4Q[ffqbim_[l_[cmojniih_+*'`n( cgjl_mmcha mf[p_m [h^ q[llcilm chni m_lpc]_& a[la[hno[h nboam miq `_[l i` nb_ Clihniinb
mko[l_)f_p_fil[mjb_l_ilb_gcmjb_l_qcnb n[echaqb[n_p_laii^milmojjfc_mnb_s^_mcl_& =f[hm[h^n[e_[hsnbchanb_smi^_mcl_(
[l[^comi`ojni+`n()f_p_f( [h^ lohhcha jlin_]ncih l[]e_nm nb[n jlin_]n ;fnbioab ]iff_]nilm m__ om_ jlcg[lcfs [m
>ol[ncih4+gchon_)f_p_f"># ch h[g_ ihfs( Biq_p_l& ^_mjcn_ nb_ nboaacmb `_[lmig_ _rnl[ gom]f_ [h^ jiln_lm& m_p_l[f
M[pchaNbliq4Hih_ h[nol_i`mo]b[]nm&`l[n_lhctchaqcnbnb_×fnbs j[lnc]of[lfs ][hhs Clihniinb =f[h ij_l[nilm
Mj_ffL_mcmn[h]_4Hi [h^\[]eq[l^mj_ijf_mnb_sjl_sojihcmi`n_h `l_ko_hnfs jon nb_m_ ]fi]eqile jojj_nm ni
;mjclcnq[ffcm[hchpcmc\f_q[ffi``il]_nb[n ]ihmc^_l_^ nb_ gimn n_^ciom [h^ oh^_mcl[\f_ __]ncp_[h^cgjl_mmcp_om_ch\[nnf_(Nb_mnl[s
_rcmnm mif_fs ih nb_ ?nb_l_[f Jf[h_ "qb_l_ cn i`n[mem(;mmo]b&nb_]iff_]nil]fi]eqilejoj' m_nnf_g_hnmnb_Clihniinb=f[hml[c^[l_l[l_fs
cm pcmc\f_ [m [ `[chn& nl[hmfo]_hn mol`[]_#( Nb_ j_nq[m`ila_^( [\f_ ni ila[hct_ [ ^_`_hm_ [a[chmn mo]b g_n[f
mjclcnq[ffcmcggip[\f_ih]_][mn&[h^cggoh_ =iff_]nilm [l_ \loncmb ]ihmnlo]nm& ]ig' gihmnlimcnc_m(=iff_]nilm[l_]l[`n_^qcnbnb_
ni[ff`ilgmi`^[g[a_[h^oh[_]n_^\sgimn gihfs niq_lcha h_[lfs ,* `__n n[ff& [fnbioab _rj_]n[ncihnb[nnb_sqcff`[]_fcnnf_l_mcmn[h]_&
mj_ffm"ch]fo^cha ^cmj_f g[ac]#( ; ^cmchn_al[n_il mig_ [l_ ]ihmc^_l[\fs n[ff_l( <ocfn ni chncgc' [h^ jlip_ om_`of [m [^p[h]_ nliijm [h^ [ffc_m
^cmdoh]ncihmj_ffcgg_^c[n_fs^_mnlismcn&[m^i_m ^[n_& nb_m_ aca[hnc] jojj_nm \lcmnf_ qcnb `il alioh^ ]ig\[n[hnm( Ni nb_ ohehiqcha&
nb_nio]bi`[li^i`][h]_ff[ncih( mjce_m& m[p[a_ j[chn_^ cg[a_m& [h^ inb_l n_l' nb_cl g_l_ mct_ moaa_mnm [ mnl_hanb [h^ `il'
Nb_ mjclcn q[ff ihfs \fi]em nb_ j[mm[a_ i` lc\f_ _g\_ffcmbg_hnm ni g[e_ nb_g [jj_[l [m gc^[\f_ h[nol_ al_[n_l nb[h nb[n qbc]b nb_s
_nb_l_[f \_cham& mi cn cm omo[ffs `ilg_^ chni [ nbl_[n_hcha[mjimmc\f_(Bofecha[h^jimm_mm_^ []no[ffsjimm_mm(
m_[f_^ b_gcmjb_l_ il mjb_l_ ni e__j mjclcnm i` moljlcmcha mj__^& nb_m_ jiq_l`of mn__f [h^
`lig mcgjfs gipcha [lioh^ cn nblioab g[n_' mn_[ggihmnlimcnc_mf[]e_p_hnb_gimn lo^c'
lc[f i\d_]nm( ?nb_l_[f \_cham ][hhin ^[g[a_ g_hn[ls chn_ffca_h]_( Chmn_[^& nb_s
nb_mjclcnq[ff&_r]_jn\snb_g_[hm^_m]lc\_^ m_lp_ [m chncgc^[ncha gionbjc_]_m
[\ip_( `il nb_cl Clihniinb g[mn_lm( Qcnb [
; mjclcn q[ff ][h \_ `ilg_^ [hsqb_l_ nb_ ]igjf_r]ig\ch[ncihi`[hijnc'
][mn_l ][h m__& [h^ mjlcham chni \_cha l_a[l^' ][fil\&cg[a_g[e_l&g_n[f_[l&
f_mmi`jbsmc][f\[llc_lmilchn_llojncihm(Biq' hicm_g[e_l& [h^ q[p_g[e_l&
_p_l& c` [h _nb_l_[f i\d_]n il ]l_[nol_ qiof^ [ ]iff_]nil hin ihfs ][h \_
\l_[ecnmmol`[]_&nb_q[ffqcffhin`ilg[h^nb_ ]ihnliff_^ `lig [ ^cmn[h]_&

-
mj_ff`[cfm(
@i]om4;]f_[la_gil]lsmn[f(

CLIHNIINB=F;H
=FI=EQILEJOJJ?NM

N b_Clihniinb=f[hmjimm_mm[]ofnol_
ohfce_ [hs inb_l ih Bcabjichn(
;fnbioab[ml_fc[hnihnb_clg_]bm[mnb_
Mn_hc[hmilF_acih&mig_gcabnm[sj_l'
b[jm_p_hgil_mi&nb_Clihniinb=f[hm
^_j_h^ojihnb_clm_hm_mi`g[lnc[fbih'
il[h^molpcp[fi`nb_×nn_mn(L_Ø_]n_^ch
_p_ls [mj_]n i` nb_cl mi]c_ns& `lig nb_cl
`_[lmig_ g_]bm [h^ \lon[f diomnm& ni nb_cl
gimn n_llc`scha g_g\_lm& nb_ g_]b ^_pcfm&
nb_m_\_fc_`mj_lp[^_Clihniinbnbioabn[h^
]l_[ncih(
Hi mo]b ]l_[ncih cm [m l_jl_m_hn[ncp_ [m
nb_cl]fi]eqilejojj_nm&nb_]ihmnlo]nmnb_s
om_ ni j_l`ilg nb_cl gimn h_]_mm[ls n[mem(
Nbl__ mj_]c×] nsj_m i` ]fi]eqile jojj_nm
Êmkocl_m&]iff_]nilm&[h^]l__j_lmÊm_lp_
[m\inb\[mc]m_lp[hnm[h^^cl_b[l\cha_lmi`
[hClihniinb]f[hÎm]igcha(

.3;?

¡ ¢

=iff_]nil&=fi]eqileJojj_n4=L.5Boa_ [l___]ncp_g_mm_ha_lm&mig__p_h\_cha]ih' [lgm5_[]bmbiof^_ldichnbif^m[j[cli`fcg\m(


]ihmnlo]n5B>0^+*%.*5bj1-5ChcnÉ+5Mj^0* mnlo]n_^qcnbbiffiqm`ilg_mm[a_mqcnbchnb_cl ;ff`iol[lgm_h^ch`offs[lnc]of[n_^b[h^m(
`n(5;=+3&nio]b3&Ø[n'`iin_^+35<[m_;ne%+-5 `l[g_m(Nbom&[]l__j_l][h\_^cmj[n]b_^qcnb Mkocl_m [l_ q_ff _kocjj_^ \inb jbsmc][ffs
Alj%25;ne)@off;ne%+0g_f__",^0%/&mf[g#5 h_qil^_lmni_p_hnb_gimncmif[n_^Clihniinb [h^g_hn[ffsnim_lp_nb_cliqh_lch[p[lc_nsi`
MK]ihmnlo]n5;FH5MP@iln%,&L_`%+&Qcff ij_l[ncp_m&l_[]bnb_gmqc`nfs&[h^[ffiqnb_g q[sm(Gimni`n_h&mkocl_m[l_jonniom_`_n]b'
É-5Mnl,*&>_r2&=ihÊ&ChnÊ&Qcm+&=b[+( nil_jiln^cl_]nfsninb_]l__j_lÎm]ihnliff_l( chacn_gm`ilnb_clg[mn_lm&^_fcp_lchag_mm[a_m
=iff_]nil4=fi]eqileJojj_n"r+0#%Ijnc' Ch l[l_ chmn[h]_m& ]l__j_lm b[p_ \__h ^cm' []limm[][gjalioh^&jifcmbcha[g_]b&fi[^'
][fIl\%Cg[a_g[e_l%Hicm_g[e_l%Q[p_' j[n]b_^ ni loh ^iqh mifcn[ls il mg[ff aliojm chailohfi[^cha_kocjg_hn&ilj_l`ilgcha[hs
g[e_l%Pic]_=igg[h^( i` _h_gc_m( Qbcf_ ih_ ]l__j_l cm [ f_mm'nb[h' i`]iohnf_mminb_lg_hc[fn[mem(
chncgc^[ncha nbl_[n& [ mq[lg i` ^_gih'_s_^ Hi g[nn_l biq g[hs mkocl_m [ di]e_s b[m&
=l__j_l g_n[f mjc^_lm mecnn_lcha ih ih_Îm b__fm ][h [h ohmecff_^ jcfin ][hhin bc^_ \_bch^ bcm
ohh_lp__p_hnb_gimnl_mifon_q[llcil(Gimn jojj_nm( Ih m_p_l[f i]][mcihm& mecff_^ jcfinm

> _mjcn_nb_`[]nnb[nnbiom[h^m][ffnb_g'
m_fp_m g_g\_lm i` nb_ Clihniinb =f[hm&
nb_m_ aliojm [l_ ^cpc^_^& f[]echa nb_ ohcns
oh_rj_]n_^fs& ]l__j_lm b[p_ \_]ig_ b[l\ch'
a_lm i` nb_ Clihniinb =f[hm( <_`il_ _p_h nb_
mgie_ `lig nb_cl g_]bm [jj_[lm ih nb_ bilc'
b[p_[nn[]e_^[h^^_mnlis_^[hch`_lciljcfinÎm
_r]_mmcp_ hog\_l i` mkocl_m( G[hs g_]b
di]e_sm \inb ij_hfs \_l[n_ [h^ ]igjf[ch
[h^mn[\cfcnsi`inb_lgil_ila[hct_^h[ncihm( tih&[fih_]l__j_lpcmc\fsip_lfiiecha[pcff[a_ [\ionnb_clmkocl_m(CnÎmhinoh]iggihnim__
;fnbioabnb_clmecffm[h^g[mn_lsi`g_]bm[l_ il_h_gs_h][gjg_hn][h^_[fgil_jms]bi' [ di]e_s \lon[ffs \_ffiqcha ]igg[h^m ni bcm
j__lf_mmihBcabjichnÎmmol`[]_&nb_hig[^c]& fiac][f^[g[a_nb[h[n_[gi`g_]b^_pcfm( mkocl_m \_`il_ [ diomn& g[echa ^_g[h^m [h^
q[h^_lcha Clihniinb =f[hm i`n_h m__g `[l =l__j_l&=fi]eqileJojj_n4=L+),5Mg[ff \_l[nchanb_oh`__fcha]fi]eqilejojj_nmch[
gil_ \[l\[lc] nb[h nb_cl ]cns'g_]b ^q_ffcha ]ihmnlo]n5B>+^+*%+*&bj+/5Chcn%,&Mj^.* g[hh_lnb[nqiof^\_^cmal[]_`ofc`nb_sq_l_
h_cab\ilm(>_mjcn_nb_cl]ig\ch_^jiq_l[h^ `n(5 ;= +0& nio]b +0& Ø[n'`iin_^ +.5 <[m_ ;ne _p_hnb_fiqfc_mnfcpcham_lp[hnm(Di]e_smb[p_
hog\_lm\_cha[mal_[n[mg[hsi`nb_clh_cab' %*5Alj%*5;ne)@off;ne%+g_f__"+^.&mf[g#5 _p_h \__h b_[l^ ]igjf[chcha [h^ ]igj_ncha
\ilm&fih_]f[hm[l_i`n_hf_mmnb[h[g[n]b`il MK]ihmnlo]n5;FNH5MP@iln%*&L_`%*&Qcff qcnbih_[hinb_lip_lqbib[mnb_mnojc^_mnil
nb_ohc×_^`il]_mi`nb_cl_h_gc_m(Nbcmb[lmb É/5Mnl+*&>_r+.&=ihÊ&ChnÊ&Qcm+&=b[+( gimnch]igj_n_hnmkocl_m(
l_[fcns `il]_m nb_ Clihniinb =f[hm ni []n qcnb =l__j_l4 ;hcg[nil % >cm]lcgch[nil % Clihc][ffs& biq_p_l& mkocl_m [l_ i`n_h
[ mj__^ [h^ jl_]cmcih nb_cl f[la_l ijjih_hnm @fsqb__f % Cg[a_g[e_l % Fcabn A_h_l[nil % nl_[n_^ [h^ g[chn[ch_^ \_nn_l nb[h [hs inb_l
][h l[l_fs g[n]b& mj__^ [h^ jl_]cmcih \[m_^ =fi]eqileJojj_n"r,#%Ijnc][fIl\%M][h' ]fi]eqilejojj_n(G[hsdi]e_smb[p_n[\[l^m
ihoj'ni'nb_'gig_hn`[]nm[h^_rj_lc_h]_(Ni h_l%Pic]_=igg[h^%Q[p_g[e_l( il `iol'[lg_^ li\_m& _g\f[tih_^ qcnb nb_cl
j_l`ilgmi^_`nfs&_p_hchohehiqhn_llcnilc_m& j_lmih[f_g\f_gm[h^]ifilm(Chjlcp[]s&di]e'
g[hs Clihniinb =f[hm b[p_ ]ig_ ni l_fs ih Mkocl_ _smi`n_hmj_h^[al_[n^_[fi`ncg_[h^gih_s
ch×hcn_fs om_`of ]fi]eqile jojj_nm ehiqh [m ih ]iaf[s_lÎm `__m& _hmolcha nb[n nb_cl mkocl_m
]l__j_lm(
=l__j_lm[l_mcgjf_mjc^_lsg_]bmnb_mct_
i` f[la_ ^iam( ; qc^_& ip[f \i^s i` ohg[ll_^
J _lb[jmnb_e_s^_×hcha[mj_]ni`Clihniinb
]ofnol_ cm nb_ diomn( Qcnb [ mchaf_ \[nnf_
^cmjon_m[l_m_nnf_^&jl_mnca_cmqih&[h^fcp_m
[l_chØ[qf_mm]ih^cncih(Nimig_di]e_sm&nb_
ihfs nbcham gil_ cgjiln[hn nb[h nb_cl g_]bm
[l_ nb_cl mkocl_m( >_mjcn_ nb_ _]]_hnlc]cnc_m
g_n[fg[e_mojgo]bi`nb_]ihmnlo]n&cnm`lihn [l_ ]b[ha_^( ;m nb_m_ bcabfs ]_l_gihc[f [h^ i`nb_clg[mn_lm&qb_nb_l\lon[filj[gj_lcha&
^cm]_lh[\f_ihfs\s[mchaf_l_^_s_m_nqcnbch mnlc]nfsila[hct_^\[nnf_mbif^[al_[njf[]_i` mkocl_ml_g[chmcgjf__gincihf_mm]ihmnlo]nm(
cnmmcfp_ls`l[g_(;n_ko[fjichnmm_n[lioh^nb_ mcahc×][h]_chClihniinb=f[hfc`_&cncmhimol' Mkocl_&=fi]eqileJojj_n4=L+5G_^cog
jojj_nÎm \i^s& `iol gofncjf_ bcha_^ f_am don jlcm_nb[nnbim_qbi\[nnf_[l_[il^_^mig_ ]ihmnlo]n5B>,^+*%,*&bj-+5Chcn*&Mj^-*
ionq[l^fce_[mjc^_lÎm(?[]bi`nb_m_chm_]nic^ i` nb_ al_[n_mn jl_mnca_ ch [ff nb_ ]f[hm( S_n& `n(5 ;= +.& nio]b +*& Ø[n'`iin_^ +.5 <[m_ ;ne
f_amcm[oag_hn_^qcnbcnmiqhjiq_l`of_rnl[ fce_nb_ehcabnmqbi^c^\[nnf_\_`il_nb_foh[l %+5Alj%,5;ne)@off;ne%.g_f__"+^0%-&,
_hach_m& acpcha cn [ mj__^ oh]iggih `il cnm l[ch&nb_m_\[nnf_×_f^b_li_m[l_hinbchaqcnb' mf[gm#5MK]ihmnlo]n5;FNH5MP@iln%*&L_`
mct_( ion nb_cl iqh nlomn_^ giohnm& nb_ niq_lcha %*&QcffÉ/5Mnl+0&>_r+*&=ihÊ&ChnÊ&Qcm
=l__j_lm[l_ch]l_^c\fsp_lm[ncf_(<_h_×ncha g_n[fmn__^mnb[n][llsnb_gchni\[nnf_Ênb_cl +&=b[+(
`ligmj__^[h^mn_[fnb&]l__j_lmg[e_Ø[qf_mm j_lmih[f g_]bm( ;fmi fce_ nb_ bilm_'giohn_^ Mkocl_4=fi]eqileJojj_n"r.#%;hcg[nil

+
m]ionm [h^ ch`[ffc\f_ mjc_m( @lig cnm ]lcgmih q[llcilmi`if^&nb_gimnjlifc×]g_]bdiomn_lm %>cm]lcgch[nil%Clih;lg"r,#%Hicm_g[e'
_s_& nbcm ]s]fijc] g_n[f chm_]n ][h jlid_]n [ i`nb_gi^_lh[a_l_kocl_m_lpc]_m[h^mojjiln _l%Ijnc][fIl\%Pic]_=igg[h^(
\_[g i` fcabn ni cffogch[n_ cnm mollioh^cham ohcko_ninb_h__^mi`nb_clg_]bm[h^jli`_m'
[h^ l_f[s [ff nb[n cn m__m [h^ b_[lm \[]e ni cnm mcihm( =ihm_ko_hnfs& `lig bcmnils [h^ [ ncg_

-
g[mn_lm( Mo]b l_[f'ncg_ m]ioncha ch`ilg[ncih \_`il_ nb_ foh[l l[ch& nb_ mkocl_m i` if^ q_l_
[h^ncl_f_mmmj__^[ffiqm_p_hih_]l__j_lni
aoc^_ [h _hncl_ ]f[h& qbcf_ gofncjf_ ]l__j_lm
l_moll_]n_^&[h^][mnchmn__f(
Mkocl_m [l_ ]fi]eqile jojj_nm g[^_ ni K=;J=LK
][hg[j[h_hncl_l_acihchbiolm(Ch[^^cncih& j_l`ilg nb_ ]iohnf_mm n[mem ^_g[h^_^ \s
nb_cl lo^cg_hn[ls chn_ffca_h]_& mg[ff `l[g_m& nb_ Clihniinb =f[hmÎ gimn chncgc^[ncha [h^
[h^p[lc_nsi`molp_cff[h]_^_pc]_m[ffiq]l__j' l_mj_]n_^ g_g\_lm& g_]b diomn_lm [h^ g_]b GIIHQ;N=B?L=F;H
_lmnimh_[echni_h_gsn_llcnils[h^_[p_m^lij ^_pcfm(?[]bi`nb_g[h'mct_^]ihmnlo]nmb[m[
qcnb`lcabn_hcha_[m_(
Mch]_nb_cl]l_[ncih&]l__j_lmb[p_m__hom_
ch[p[lc_nsi`n[mem(Nbioabnb_sf[]enb_[\cfcns
mf_h^_l bog[hic^ `l[g_ nijj_^ \s [ g_n[ffc]
b_[^][lp_^qcnbnbl__mcgjf_bilctihn[fmfcnm
^_hincha [ gionb [h^ nqi cgj[mmcp_ _s_m( ;
N b_ Giihq[n]b_lm& [ mg[ff ]f[h i` bog[h
^loc^m mecff_^ ch jl_^c]ncha q_[nb_l j[n'
n_lhm& ^cm[jj_[l_^ `lig Bcabjichn [fgimn [
ni l_f[s nb_cl ij_l[nilÎm ]igg[h^m& ]l__j_lm mkocl_Îmgimnhin[\f_`_[nol_cmcnmnqij[clmi` ]_hnols [ai( <_`il_ nb_ foh[l l[chm ][g_& nb_

.3;?

¡ ¢

Giihq[n]b_lm ^q_ff_^ ch nb_ bcab ]fcm i` nb_sm]l[g\f_^`ilmb_fn_l(<onip_lncg_&nb_s nb_ f_[^_lm i` [ `_q inb_l ]f[hm b_ nlomn_^&
nb_ <ioh^[ls J_[em( >_mjcn_ nb_cl cmif[n_^ j_lm_p_l_^Ê[h^nb_s_g_la_^`lignb__[lfs ch]fo^cha nb_ Lcabn_iom F[h]_lm& Finom =f[h&
fi][f_&nb_sb[^_rn_hmcp_]ihn[]nqcnbionmc^' ^[smi`nb_foh[ll[chqcnb[ohcko_n[f_hn`il [h^=f[hi`nb_Gc^^f_J[mm(Nb_s]ihnlc\on_^
_lm(Gimn]cpcfct_^mi]c_nc_mb[^go]bnia[ch `il_][mnchanb_\_b[pcili`nb_giih( g[n_lc[fm[h^ehiqf_^a_&[h^_p_h[`_qchn_l'
`lignb_chmcabnmi`nb_Giihq[n]b_lm&`ilnb_ Nb_ Giihq[n]b_lm f_[lh_^ ni jl_^c]n nb_ _mn_^]f[hg_g\_lmqbiq[hn_^ninl[p_fqcnb
q_[nb_l^c]n[n_m_p_lsnbcha`ligqb_hnijf[hn m_p_lcns i` nb_ foh[l l[ch \[m_^ ih mol`[]_ nb_Giihq[n]b_lm`il[qbcf_(
m__^m[h^b[lp_mnnb_g&niqb_hncg_m[l_\_mn ]ih^cncihmihnb_giih&qbc]bnb_si\m_lp_^ Hiqnb_Giihq[n]b_lmnl[p_fnb_qilf^ch
`ilnl[p_fcha[h^nl[hmjilnchaaii^m(?gcmm[l' qcnbjifcmb_^ijnc][ff_hm_mi`nb_cliqhg[ho' [ mg[ff ]ihncha_hn i` g_]bm& chn_hn ih nb_cl
c_m`lig]cnc_m[h^nlc\_mf[la_[h^mg[ffnl[p' `[]nol_(Nb_s`iffiq_^nb_qch^m&[h^nb_chn_l' gcmmcih(>olchanb_clg[hss_[lmi`i\m_lpcha
_f_^ninb_Giihq[n]b_lms_[l'lioh^&m__echa []ncihm\_nq__hmol`[]_[h^foh[l]ih^cncihm( nb_ giih& nb_s f_[lh_^ gil_ nb[h nb_s _p_l
nb_cl ]iohm_f ih qb[n nb_ q_[nb_l qiof^ \_ Nb_sch]iljil[n_^^cpch_g[ac]mni[hmq_lnb_ bij_^ ni ehiq( Nb_s g[jj_^ nb_ g[dil `_['
fce_`ilgihnbmni]ig_( ko_mncihmnb_cliqhi\m_lp[ncihm]iof^hin( nol_mi`nb_foh[lmol`[]_&\_`il_nb_s]l[mb_^
Nb_]igchai`nb_foh[ll[chmqlioabnb[pi] Qcnb [ mn[lnfcha ^_al__ i` jl_]cmcih& nb_ ni nb_ alioh^( Nb_s ehiq qb_l_ nb_ f[la_mn
ojih nb_ Giihq[n]b_lm( Qilmn i` [ff& nb_s Giihq[n]b_lm f_[lh_^ ni [hnc]cj[n_ nb_ foh[ln_gjf_mq_l_fi][n_^ihnb_giih&[h^
eh_qcnqiof^b[jj_h5nb_s&i`[ffj_ijf_& foh[ll[ch(Qb_hcn][g_ninb_f[la' nb_sehiqqb_l_nb_s`_ffni_[lnb(Nb_sehiq
q[n]b_^ nb_ giih gimn ][l_`offs( _mng_n_ilm&nb_s]iof^n_ffni qb_l_ ]ih]_hnl[ncihm i` fc`_ q_l_ `ioh^ ih
Gil_ nb[h nbl__ a_h_l[ncihm qcnbch [ b[f`'gcf_ qb_l_ nb_ foh[l mol`[]_ "nbioab nb_sÎl_ b_mcn[hn ni
[ai&nb_cliqhg_n_ilifiac' nb_s qiof^ cgj[]n& om_nb_n_lgË]cnc_mÌni^_m]lc\_nb_m_mnl[ha_
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FÎ[lcf_H[ncihcm[q[l_nb[n\inbnb_F_acih l_gch^_l i` nb_ mn[h^m i` i[e& g[jf_& [h^ ×l ion [h^ nb_ nqi `il_mnm gchaf_ gil_ `l__fs(
nb[nih]_][jj_^nb_]ihnch_hn(Gimn_fp_mmncff ;h [h]c_hn nl[^_ lion_ ehiqh [m =[cnfcf ih]_
l_g_g\_lnb_clbig_[m[hohchn_llojn_^][h' ][g_hilnb`ligMncfn=cns[h^Af[n_eni<_m'
p[m qb_l_ h[nol_ _rjl_mm_^ b_l [ln( M][nn_l_^ m_g_l&\onhiqnb[nnb_pcff[a_m[l_chmb[g\f_m
nblioabionnb_nl__mq_l_]cnc_mnb[nq_l_nb_ ilb[p_\_]ig_gi\cf_&nb_li[^mo_lm`lig
]_hn_li`]ofnol_&f_[lhcha&]l[`nmg[hmbcj&[h^ ^cmom_( ;n nb_ _^a_ i` nb_ `il_mn& nb_ ^[ha_l'
mi]c[fb[lgihs( iomL_hn[lcfChhmn[h^m[fihamc^_nb_l_gh[hnm
Nbcmgsnbc]pcmcihi`j[l[^cm_q[ml_[f' i` nb_ =[cnfcf li[^( Ih]_ [ ]ig\ch[ncih `iln&
cns [ ]_hnols [ai& \on ni^[s nb_ `il_mnm li[^biom_&[h^nl[^chajimn&nb_Chhcmhiq[
[l_ mnlcjj_^ h_[lfs \[l_ [h^ nb_ ]cnc_m msg\if i` nb_ ^[le \[la[chm mig_ b[p_ g[^_
[l_ ch lochm( Nb_ ]l[aas bcff mb_fn_lcha ni _m][j_ nb_ foh[l g_h[]_( Cnm jl_m_h]_
[ ^_fc][n_ alip_ q[m ih]_ ]ip_l_^ ch b_fjmao[l^nb_mionb_lh\il^_li`nb_FÎ[lcf_
\lomb& `_lhm& [h^ \f[]e _[lnb( ;`n_l nb_ H[ncih&[fnbioabcnqiof^\_[gcmn[e_nim[s
foh[ll[ch\olh_^[q[s[h]bilchajf[hnm nb[nnb__fp_m]ihnlifcnmjiq_l(
`lig nb_ bcffmc^_m& nb_ l[ch'mi[e_^ micf
jiol_^ ^iqh nb_ bcffm ch go^mfc^_m nb[n Nb_L_hn[lcfChh
]bi]e_^ mnl_[gm& mh[jj_^ nl__ nlohem& [h^
^liqh_^ mfiq_l [hcg[fm( G_n_il ]l[n_lm [h^
foh[l^l[aih\olliqm]l_[n_fch_^m][lm[]limm
gil_f_p_f[l_[m(
N b_ L_hn[lcf `[gcfs b[m loh nb_ chh [n nb_
_^a_i`nb_B_l‡[f`il_mn`ilnbl__a_h_l['
ncihm(Ih]__p_lss_[l&domn\_`il_nb_?h^f_mm
S_n ^_mjcn_ nb_ \olh_^ _^a_m i` nb_ f_[p_m Nl[^_lmqiof^mn[lnnb_cldiolh_sq_mn&nb_chh

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×aol_m fiie_^ chni nb_ ^cmn[h]_ ch moljlcm_(


; mgcf_ \lie_ ion ih b_l `[]_( Nb_ qig[h
mb[nn_l_^fce_[qch^iq&m][nn_lcha]lsmn[ffch_
mb[l^m i` b_lm_f` ch [ ×p_'`iin [l_[( ; ]olc'
iom molpcpil q[m ][oabn ch nb_ \f[mn& \on b_
[jj_[l_^ ohb[lg_^( Nb_ mb[l^m pc\l[n_^ [h^
nb_h l_`ilg_^ chni nb_ qig[h& qbi l_mog_^
q[cncha[mnbioabhinbchab[^b[jj_h_^(
Nb_ __]nm i` nb_ \f[mn q_l_ hinc]_^ ihfs
f[n_l& qb_h nb_ chp_mnca[nil ^cm]ip_l_^ nb[n
gchil ]onm [h^ m]l[n]b_m ^c^hÎn b_[f( Bcm
]finb_m ]iof^ hin \_ j[n]b_^ [h^ \locm_m
l_g[ch_^^cm]ifilchabcmmech(Gchilcffh_mm_m
h_p_l m__g_^ ni f_[p_ bcg( Nb_ _rjimol_ ni
nb_mb[l^mb[^mig_biqf_`nbcm\i^soh[\f_ni
b_[f[h^bcm_kocjg_hnohl_j[cl[\f_(;h_[l\s
jlc_mnq[m[\f_ni^cmj_fnb___]n&\onlogilm
mjl_[^koc]efs(
Fcpcha \_cham _rjim_^ ni nb_ mb[l^m qcff
h_p_lb_[fohncf[]f_lc]l_mnil_mnb_gnblioab
al_[n_ll_mnil[ncih(L_fc[\f_l_jilnmch^c][n_nb[n
[hs i\d_]n nb[n _h]iohn_lm ih_ i` nb_ \olmnm
`lignb_l_mc^_hnmi`nb_L_hn[lcfChh&ch]fo^'
chag_]bmilinb_lf[la_i\d_]nmihfsnio]b_^
ch[mg[ffj[lni`nb_cl_hncl_mnlo]nol_&][hhin
om_^ ni nl[hm`ilg `lig [ bimn_f ni \omnfcha jlin_]n bcm big_ [h^ nb_ j_ijf_ qbi nlomn_^ \_ mo]]_mm`offs l_j[cl_^ ohncf nb_ __]nm [l_
g[le_n( G_l]b[hnm qiof^ ]ig_ mionb `lig bcg(B_\_a[hqilechaqcnbmig_i`nb__[lfc' ^cmj_ff_^\s[h_kocp[f_hnmj_ff(
_fp_hpcff[a_mninl[^_qcnbbog[hmqbiqiof^ _mn lc`nq[fe_lm& `oh^cha nb_cl _rj_lcg_hnm ch G[a_m qbi f[n_l ][g_ ni chp_mnca[n_ ]ih'
]ig_ hilnb `il `il_mn aii^m( P_h^ilm m_n oj l_nolh`ilnb_cljlin_]ncih`lignb_l[chm( ×lg_^ nb[n nbim_ [lioh^ nb_ chh [l_ hin ch
n_hnm[h^mcgjf_mn[ffm[lioh^nb_chhni\[ln_l ;ff i` nbcm cm bcmnilc][f `[]n& q_ff l_g_g' il \_nq__h [hs i` nb_ h_[l jf[h_m( Ch `[]n&
`il nb_ \_mn ^_[fm( Nb_ _fp_m qiof^ l_nolh ni \_l_^ \s nb_ fiha'fcp_^ _fp_m( Nb_ h_rn j[ln _p_lsih_ [al__m nb[n nb_ chh l_g[chm ch nbcm
nb_clbig_mqcnbjli^o]nm`lignb_jf[chm&[h^ i` nb_ mnils cm jiilfs oh^_lmnii^& \on ][h \_ jf[h_(Nb_i^^lc`nq[fe_llcno[f]l_[n_^[mn[n_
nb_bog[hml[]_^mionbni?^a_nimojjfsnb_ l_]ihmnlo]n_^`lignb_mnilc_mi`nb_molpcpilm( h_p_l m__h \_`il_ il mch]_( Ih_ i` nb_ gil_
?h^f_mmNl[^_lm`ilnb_clnl_eq_mn( Cnmn[ln_^qcnb[h[nn[]eihnb_chh\s[alioj _]]_hnlc]nb_ilc_m]f[cgmnb[nch[h_ilnni\_
Nbcm]igg_l]_q[mhiolcmb_^[h^jlin_]n' i`×p_foh[l^l[aihm(Nbcmb[^\__h_rj_]n_^& ohl_[]b[\f_&nb_g[a_mb[^acp_hmig_i`nb_cl
_^\snb_mnol^sq[ffmi`nb_L_hn[lcfChh(Nb_ [h^Lshhb[^[mmol_^_p_lsih_nb[nbcmg[a_m ]f[cgnil_[fcnsniinb_l`il]_mionmc^_i`nb_
^_mcl_ i` nb_ q_[fnbc_mn g_l]b[hnm `il q[lg qiof^ jlin_]n nb_g( Nbim_ qbi q_l_ f_mm jf[h_m( Nb_ ^_[f q[m g_[hn ni \_ n_gjil[ls&
g_[fm [h^ mi`n \_^m _hmol_^ nb_ ]ihnchocha nlomnchal[hchninb_`il_mn&[h^cnq[mnb_sqbi \on mig_nbcha q_hn qliha& [h^ hiq nb_m_
q_[fnb i` nb_ L_hn[lcf `[gcfs `il a_h_l[ncihm( molpcp_^nin_ffnb_mnils( `il]_m om_ nb_ chh [h^ cnm chb[\cn[hnm ni acp_
Nb_s g[chn[ch_^ [ mg[ff `il]_ i` g_l]_h[lc_m @ligbc^cha&nb_sm[qnbl__i`nb_^l[aihm nb_g mig_ `iinbif^( Nb_ _rcmn_h]_ i` nb_m_
ni jlin_]n nb_cl ao_mnm [h^ ]f[cg_^ nb_ lcabn Øs[q[s&\onnb_l_q[mhiq[sniehiqc`nb_s `il]_m cm ohjlip_h [h^ qc^_fs ^cmgcmm_^ [m [
ni _rj_f `lig nb_ [l_[ [hsih_ qbi b[^ \__h ]b[m_^ [q[s il b[^ ×hcmb_^ \ct[ll_`[hn[ms\snb_g[ac][f]iggohcns(
][om_^ jli\f_gm( G[hs bog[hm nb_cl ^_mnlo]ncih i` nb_ chh qcnb' L_a[l^f_mm&nb_L_hn[lcfChhcmhiq[^[ha_l'
nbioabn i` nb_m_ f[h^fil^m [m ion [jjli[]bcha [a[ch( Nb_s iom[l_[[pic^_^\sn_ll_mnlc[f[h^foh[l\_cham
hi\f_m& nbioab nb_s qiof^ l_nolh_^& [h^ [n ×lmn nb_s [fce_( Nbioab ^cmnol\cha [h^ oh]ihnliff[\f_&
b[p_ l_`_ll_^ ni nb_gm_fp_m nbioabn nb_ chh b[^ \__h cn ]l_[n_m [ \[llc_l [a[chmn F_acih chp[mcih [m
[mmn_q[l^mi`nb_f[h^( mg[mb_^ ni cnm `ioh^[ncihm( mnliha [m [hs lcp_l il giohn[ch& [ h_]_mm[ls
Qcnb nb_cl q_[fnb& nb_ Nb_s^cm]ip_l_^nb[nnb_chh _pcf qb_h ]igj[l_^ ni nb_ _[ms lion_ ni nb_
L_hn[lcfm q_l_ [\f_ ni bcl_ [h^ nb_ j_ijf_ l_g[ch_^& chn_lcili`B_lˆ[fnb[n=[cnfcfqiof^inb_lqcm_
qct[l^m ni jlin_]n nb_cl chh \on q_l_ h_[lfs nl[hmj[l_hn jlipc^_(
`lig nb_ foh[l l[ch( Nb_ f[n_mn [h^]igjf_n_fschn[hac\f_(Nb_
iqh_l i` nb_ chh& Lshh L_hn[lcf& j_ijf_ mnii^ mncff& \on hin j[l[' =[cnfcf[h^<_mm_g_l
q[m i\m_mm_^ qcnb jlin_]ncha nb_ fst_^ Ê nb_s fiie_^ [m nbioabn
[l_[ `lig nb_ ][n[mnlijb_& _p_h [`n_l cn
q[m nii ^[ha_liom ni bif^ nb_ s_[lfs g[le_n(
Fi][f bog[hm [h^ _fp_m b[^ a[nb_l_^ chmc^_
nb_s q_l_ q[cncha `il mig_nbcha( Nb_s
^c^hÎnm__gnihinc]__[]binb_lilnb_l_nolh'
__m(Nqifoh[l^l[aihm_p_hmnii^[nih_mc^_
= [cnfcfq[mnb_gimnb_[pcfsnl[p_f_^lion_
nblioab nb_ `il_mn \_`il_ nb_ ][n[mnli'
jb_&[h^<_mm_g_lq[m[]iggih^_mnch[ncih
[h^ [lioh^ nb_ chh `il jlin_]ncih& [h^ Lshh i` nb_ chh& nl[hmfo]_hn n[cfm Øc]echa \[]e [h^ i` nl[p_f_lm [h^ g_l]b[hnm( Nb_ li[^ cm hiq
`_fnl_mjihmc\f_`ilnb_clq_ff'\_cha(B_mioabn `ilnb( om_^ [m [ j[nb `il g_]bm ih gcmmcihm `il nb_
gil_ [h^ gil_ l[^c][f `ilgm i` g[ac] ni Nb_l_ q[m [h [o^c\f_ a[mj [m ih_ i` nb_ FÎ[lcf_ H[ncih( Nb_ h[ncih ^i_m hin ]f[cg ni

.3;?

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m_]ol_nbcm[l_[&\onnb_clg_]bm[jj_[li`n_h ^iqhih<_mm_g_l(Nb_l_`oa__mchnbcmloch_^
_hioab nb[n mg[ff m_nnf_g_hnm i` l_`oa__m ]cnsehiqcnqiof^\_`iifcmbninlsnil_\ocf^
b[p_a[nb_l_^[fihacnmlion_bijcha`ilm[`_ns _p_h [ `l[]ncih i` cnm `ilg_l mijbcmnc][ncih
nblioabjlircgcnsninb_m_q[llcilm( [h^\_[ons&[mnb[nqiof^]_ln[chfs\lcha\[]e
Ch \_nn_l ncg_m& li[^biom_m b[^ \__h \ocfn jl_^[nilm[h^_h_gc_mnb_s]iof^hinbij_ni
[fiha nb_ f_hanb i` =[cnfcf ni g[e_ nb_ lion_ ^_`_h^nb_gm_fp_m[a[chmn(Mncff&nb_m_m_nnf_lm
]ig`iln[\f_ [h^ cgjlip_ cnm m[`_ns( Fi][f ][hhin \_[l ni f_[p_ nb_cl \_fip_^ ]cns ni
pcff[a_m niie l_mjihmc\cfcns `il nb_ ][l_ [h^ loch[h^^_][s(Nb_sm][p_ha_]ihmn[hnfs`il
oje__ji`nb_\ocf^cham(Nb_c^_[q[m`ilniqhm jc_]_mi`nb_clj[mn&bi[l^chanb_clnl_[mol_
ni \_ gil_ [nnl[]ncp_ ni nbim_ nl[hmjilncha chmg[ffliigm[h^]b[g\_lmnb[nmolpcp_^
aii^m `il m[f_& mi ]igj_ncncih e_jn nb_ ko[f' nb_^_mnlo]ncih(Nb_clai[fcmhinnb_[]]o'
cns i` nb_m_ mnlo]nol_m bcab( Gimn q_l_ ^_]i' gof[ncihi`q_[fnb&qbc]bcmg_[hchaf_mmch
l[n_^ qcnb \[m l_fc_` m]ofjnol_& `_mncp_ j[chn& nb_m_^_mj_l[n_ncg_m&\onnb_jl_m_lp[ncihi`
il n[j_mnlc_m( Nb_s q_l_ i`n_h \ocfn i` mnih_ nb_cl]ofnol[fb_lcn[a_(
ilb[l^qii^niqcnbmn[h^nb_nbc]emhiqi`nb_ <_][om_ i` nb_cl mcno[ncih& nb_ <_mm_g_l
hilnb_lhqchn_lm( l_`oa__m [l_ gil_ chmof[l nb[h nb_cl hig[^c]
Qbcf_ gimn nb_ ^_]il[ncih [h^ `olhcmbcham h_cab\ilm( Nb_s ]b[ff_ha_ [hsih_ qbi
b[p_ \__h mnlcjj_^ [q[s \s nb_ foh[l l[chm il [jjli[]b_mnb_clbi[l^m&[h^`ilaii^l_[mih&
l_`oa__m ^_mj_l[n_ `il mig_ g_gils i` nb_cl [m nb_ lc]b_m i` nbcm ]cns [nnl[]n [ hog\_l i`
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\[h^m i` big_f_mm _fp_m qbi q[h^_l =[cnfcf( [l_j[lnc]of[lfs]iggihchnb_[l_[(;fnbioab [ls `lig mig_ h_q q[lfil^ il ]bc_`n[ch qbi b[^
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cha []limm nb_ lion_ ch m_[l]b i` mojjfc_m [h^ [h^ nb_ [\[h^ih_^ `[lgf[h^ [nnl[]nm _hioab `_qm][l_^miofm\_aachaom`ilb_fj(
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li[^biom_ \on l_g[ch ionmc^_ nb_ ]cl]f_ i` fiha[mq_f_`nnb_g[fih_nb_sqiof^×h^inb_l[l_[m
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l[a_^qcnbko_mncihm[\ion]oll_hn[[clm[h^
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g_]bm il \oh^f_^ jlin_]ncp_fs ch [ \[]ej[]e
Cn cm logil_^ nb[n nb_ al__h ^l[aih Tf[[h
][g_ [m [ b[n]bfcha qcnb nb[n ×lmn q[p_ i`
^l[aihm( Tf[[h cm [h [h]c_hn ^l[aih qbi ]ih'
nb_mcno[ncihihN[hh[hfc_f( [gc^ liinm [h^ if^ ]finb_m( Ih_ mo]b bcmnils nlifm nb_ _hncl_ A_fa[l_h Bcabf[h^m& [m go]b
Nbcmm_hm_i`][g[l[^_lc_cm[l_mofni`nb_ n_ffm nb_ mnils i` nb_ [llcp[f i` nb_ ]blig[nc] [m[hs^l[aih][h]f[cgni]ihnlifinb_lmi`cnm
b[l^ fcp_m nb_ _fp_m b[p_ _h^ol_^ ch l_]_hn ^l[aihm ch nb_ A_fa[l_h Bcabf[h^m& ×p_ a_h' ech^( ?p_h `il [ ^l[aih& b_l [a_ cm _rnl_g_fs
s_[lm( Nbim_ qbi ][hhin a_n [ jf[]_ ch nb_ _l[ncihm[ai4 [^p[h]_^(Nb_l_b[p_\__haliojmi`[^p_hnol'
g_]b]ofnol_i`nb_FÎ[lcf_H[ncihgomn[pic^ Nb_s][g_niom\snb_^it_hm&fce_a__m_l_nolhcha _lmqbiq_hnchniA_fa[l_hninls`ilnb_`[g_
bohals jl_^[nilm& foh[l ]l_[nol_m& [h^ nb_ hilnb(Mo]bq_l_nb_clhog\_lmq_`_[l_^nb_s][g_ i` mf[scha nb_ \_[mn& \on qbcf_ mb_ b[m h_p_l
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