association of southeast asian nations, people's republic of china, and india growth and the rest of...

7/28/2019 Association of Southeast Asian Nations, People's Republic of China, and India Growth and the Rest of the World: T

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JMHA Rir`aeb ^jpor Voraos

Jssifajtaie ig Viutkojst JsajeEjtaies# ^oipco"s Xopuhcaf igFkaej# jem Aemaj Briwtk jem tkoXost ig tko Rircm4 ]ko Xico ig]rjmo

Xihort T% Cjwroefo

Ei% =:7Jprac 8>:6

Jsaje Movociploet Hje` Aestatuto


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]ko Rir aeb jpor soraos as j fietaeujtaie ig tko girlorcy ejlom Masfussaie jpor soraos0 tkoeulhoraeb ig tko pjpors fietaeuom watkiut aetorruptaie ir fkjebo% JMHAs wir aeb pjporsrogcoft aeatajc amojs ie j tipaf jem jro pistom iecaeo gir masfussaie% JMHA oefiurjbos rojmors ti

pist tkoar filloets ie tko ljae pjbo gir ojfk wir aeb pjpor +bavoe ae tko fatjtaie hociw!%Vilo wir aeb pjpors ljy movocip aeti itkor girls ig puhcafjtaie%

Vubbostom fatjtaie4

Cjwroefo# X%T% 8>:6% Jssifajtaie ig Viutkojst Jsaje Ejtaies# ^oipco"s Xopuhcaf ig Fkaej# jemAemaj Briwtk jem tko Xost ig tko Rircm4 ]ko Xico ig ]rjmo% JMHA Rir aeb ^jpor =:7% ]i`yi4Jsaje Movociploet Hje Aestatuto% Jvjacjhco4 kttp4))www%jmha%irb)wir aeb,pjpor)8>:6)>=):?)?7>>%jsoje%prf%aemaj%briwtk%rico%trjmo)

^cojso fietjft tko jutkir gir aegirljtaie jhiut tkas pjpor%

Oljac4 rihortYcjwroefoNKjrvjrm%Omu

Xihort T% Cjwroefo as Jchort C% Raccajls rigossir ig Aetorejtaiejc ]rjmo jem Aevostloetjt tko Kjrvjrm @oeeomy Vfkiic# soeair gocciw jt tko otorsie Aestatuto ig AetorejtaiejcOfieilafs# jem rosojrfk jssifajto jt tko Ejtaiejc Huroju ig Ofieilaf Xosojrfk%

]ko jutkir as brjtoguc gir rosojrfk jssastjefo ti Avjej Tofovaf jem Goa Goa% ]kas pjpormrjws kojvacy ie Cjwroefo Omwjrms jem Xihort T% Cjwroefo# Xasaeb ]amo4 As Briwtk ae

Olorbaeb Ofieilafs Biims gir tko _eatom Vtjtos9 ^otorsie Aestatuto gir AetorejtaiejcOfieilafs +8>:6!%

]ko vaows oxprossom ae tkas pjpor jro tko vaows ig tko jutkir jem mi eit eofossjracyrogcoft tko vaows ir picafaos ig JMHA# tko JMH# ats Hijrm ig Maroftirs# ir tko bivoreloetstkoy roprosoet% JMHA mios eit bujrjetoo tko jffurjfy ig tko mjtj aefcumom ae tkas pjporjem jffopts ei rospiesahacaty gir jey fiesoquoefos ig tkoar uso% ]orlaeiciby usom ljyeit eofossjracy ho fiesastoet watk JMH iggafajc torls%

Jsaje Movociploet Hje Aestatuto@jsulabjso a Huacmaeb ;G6,8,? @jsulabjso a# Fkayimj, u

]i`yi :>>,7>>;# D jpje

]oc4 ;:,6,6?16,??>>Gjx4 ;:,6,6?16,??2:_XC4 www%jmha%irbO,ljac4 aegiNjmha%irb

8>:6 Jsaje Movociploet Hje Aestatuto


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JMHA Rir aeb jpor =:7 Cjwroefo

Jhst rjft

]kas pjpor oxpciros tko alpjft ig pjst jem guturo briwtk ae tko Jssifajtaie ig Viutkojst JsajeEjtaies +JVOJE!

:

Vaefo tko lam,:11>s# JFA briwtk kjs alprivom tko eie,iac torls ig trjmo ig tko movocipomfiuetraos% ]koro kjvo jcsi hooe strieb filpcoloetjrataos hotwooe JFA suppcaors igaetorlomajto aeputs jem ^XF oxpirts% Liro movocipom Jsaje fiuetraos kjvo hoeogatom gril^XF fjpatjc biims moljem% JFA briwtk kjs# kiwovor# put filpotatavo prossuros ie itkor coss,movocipom ljeugjfturaeb oxpirtors# wirsoeaeb tkoar torls ig trjmo jem fiestrjaeaeb tkoar prafaebjhacaty% JFA briwtk kjs hooe ospofajccy hoeogafajc gir iac jem laeorjcs fillimaty primufors% Ietko itkor kjem# eot giim alpirtors jem iac alpirtaeb fiuetraos kjvo hooe jmvorsocy jggoftom hykabk alpirt fists%

# tko ^oipco"s Xopuhcaf ig Fkaej +^XF!# jem Aemajkoro rogorrom ti js tkoJFA fiuetraosie jbbrobjto wocgjro# rocjtavo wjbos# jem bcihjc olassaies ae tko rost ig tko

wircm% At iutcaeos sovorjc jejcytafjc grjlowir s# fiesamors oggofts ivor tko pjst mofjmo jem#hjsom ie fiesoesus girofjsts# tko alpcafjtaies ig tkjt briwtk gir tko rost ig tko wircm ae tkomofjmos ti filo%

Guturo JFA briwtk privamos ippirtueataos jem fkjccoebos gir tko rost ig tko wircm% Girmovocipom fiuetraos tko ippirtueataos jro gir soccaeb kabk,oem sorvafos jem fjpatjc jemfiesulor biims ae tko JFA ljr ots jem oediyaeb tko hoeogats gril aetrj,aemustry trjmo0 tkofkjccoebos wacc filo gril aefrojsom kojm,ti,kojm filpotataie ae ljeugjfturom biims jemsorvafos tkjt skiucm hofilo liro aetoeso ae guturo mofjmos% Gir lomaul,aefilo primuforsfurroetcy jt hotwooe 6>/ jem 7>/ ig _V covocs# tkoro wacc ho j tiubkor trjmoigg hotwooe liroaetoesavo filpotataie watk tko ^XF jem sorvaeb tko briwaeb lammco fcjssos ae JFA fiuetraos%Gir piiror fiuetraos# tkoro wacc brojtor ippirtueataos gir hofilaeb pjrt ig bcihjc suppcy fkjaes aeljeugjfturom oxpirts%

Vtjemjrm grjlowir s tkjt jssulo aetorejc gjftir lihacaty subbost fietaeuaeb prossuros girwjbo aeoqujcaty ae movocipom fiuetraos% Hut tkoso kaebo ie tko jssulptaie tkjt tko JFA jemmovocipom fiuetraos wacc fietaeuo ti primufo salacjr primufts jem tkjt tko JFA wacc spofajcazo aeues accom cjhir,aetoesavo primufts% Ae gjft# js tkoar oxpirts hofilo liro tofkeicibyaetoesavojem movocipom fiuetraos liro spofajcazom tkoso prossuros fiucm ho jccovajtom% Ie tko ieokjem# js tko gcyaeb booso prifoss fietaeuos# oxpirts gril fiuetraos watk ciwor aefilos tkjetko ^XF jro ca ocy ti maspcjfo ^XF cjhir,aetoesavo oxpirts rjtkor tkje milostaf primuftaie aemovocipom fiuetraos% Ie tko itkor kjem# wkaco at ljy fjuso dih ciss jem orimo tko rotures tispofagaf gjftirs# ^XF oxpirt briwtk as coss ca ocy ti ho j siurfo ig wjbo aeoqujcaty ae jmvjefomofieilaos%

DOC Fcjssag afjtaie4 G>:# G:>

:Ae tkas pjpor wo prixy JVOJE usaeb mjtj gir Aemieosaj# Ljcjysaj# kacappaeos# Vaebjpiro# ]kjacjem# jem Waot Ejl%


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Fietoets

:% Aetrimuftaie %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% 68% Briwtk orgirljefo jem Iutcii` %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% 66% ]koiryAs Giroabe Briwtk Biim gir tko Kilo Fiuetry9 %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%::=% Ovamoefo %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%:6?% ^rispofts %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%:17% ]rjmo jem Rjbos %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%8=2% Oevarieloet4 Olassaie Alpissahco9 %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%8;;% Fiefcumaeb Filloets %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%81Xogoroefos %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%6>


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JMHA Rir aeb ^jpor =:7 Cjwroefo

6

:% AE]XIM_F]AIE

_saeb tko wir ig Mjea Zujk# j stumy hy Fatahje +Huator 8>::! eitos tkjt ae :1;> tko bcihjcofieilys foetor ig brjvaty wjs ae tko lam,Jtcjetaf% Hy 8>>;# tko fietaeuaeb raso ig tko^oipcos Xopuhcaf ig Fkaej + XF! jem tko rost ig Ojst Jsaj alpcaom tkjt at kjm livom ti jcifjtaie ojst ig Kocsae a jem Hufkjrost% Fatahje pridofts tkjt hy 8>?> at wacc ho cifjtomlamwjy hotwooe Aemaj jem tko ^XF%

]ko skagt rogcofts tko briwtk ae tko Jssifajtaie ig Viutkojst Jsaje Ejtaies +JVOJE!# tko^XF# jem Aemajkoro rogorrom ti js tko JFA fiuetraos% ]kas movociploet kjs hooe brootomwatk laxom goocaebs ae tko rost ig tko wircm% Vilo soo brojt hoeogats4 cjrbor oxpirt ljr ots#fkojpor alpirts# kabkor oxpirt prafos# aefrojsom aewjrm aevostloet0 hut itkors kjvofiefores jhiut filpotaeb watk tko JFA ae tkoar milostaf jem oxpirt ljr ots js wocc js tkoaralpjft ie tko prafos ig praljry fillimataos jem stjemjrmazom ljeugjfturom biims% Ae ljeyfiuetraos JFA briwtk as jcsi hcjlom gir jmvorso skagts ae tko mastrahutaie ig aefilo jem tkoroas jcjrl jhiut tko alpjft ig tkjt briwtk ie tko bcihjc oevarieloet%

Jro tkoso kipos jem fiefores wjrrjetom9 ]kas pjpor oxpciros tko alpjft ig JFA iejbbrobjto wocgjro# rocjtavo wjbos# jem bcihjc olassaies% Ae softaie 8# A mosfraho tko briwtkrjtos jfkaovom hy tko JFA ivor tko pjst mofjmo jem tkiso tkjt jro oxpoftom tkriubk 8>6>%Ae softaie 6# A iutcaeo grjlowir s tkjt kocp us oxpciro tko alpcafjtaies ig tkas briwtk girwocgjro ae tko rost ig tko wircm% Ae softaie =# A jppcy tkoso grjlowir s ti jejcyzo tko alpjftig JFA briwtk ie tko rost ig tko wircm ivor tko pjst mofjmo% Ae softaie ?# A fiesamor tkoguturo alpcafjtaies% Ae softaie 7# A masfuss tko cae`s hotwooe trjmo jem wjbos% Ae softaie 2# Afiesamor olassaies ig Brooekiuso Bjssos# jem gaejccy A masfuss picafy rospiesos%

8% BXIR]K ^OXGIXLJEFO JEM I_]CII@

Briwtk 8>>>8>:>4 Vaefo 8>>># tko cifjtaie ig bcihjc briwtk kjs skagtom mrjljtafjccytiwjrms movocipaeb fiuetraos ae boeorjc jem tko JFA ae pjrtafucjr% Muraeb tko :1;>s jem:11>s# movocipaeb jem aemustrajcazom fiuetraos ie jvorjbo brow jt fciso ti tko sjlo pjfo#hut gril 8>>> movocipaeb ofieily briwtk jffocorjtom% Eit iecy woro tko JFA fiuetraosjhco ti sustjae rjpam briwtk# hut briwtk ae Jgrafj# tko Lammco Ojst# Cjtae Jlorafj# jem tkorost ig Jsaj wjs strieb% Hy fietrjst# porgirljefo ig tko movocipom fiuetraos wjs quato topamtkriubk 8>>;# jem jgtor tko moop rofossaie jssifajtom watk tko Bcihjc Gaejefajc Frasas# tkoarrofivory kjs hooe kjctaeb%

]ko skjro ig olorbaeb ofieilaos ae aetorejtaiejc trjmo brow ovoe gjstor# rogcoftaeb tkotrjmo,aetoesavo briwtk pjtk ig tko milaejet olorbaeb ofieilaos% Ae 8>>># tko HXAFV+Hrjzac# Aemaj# tko ^XF# jem Xussaj! jffiuetom gir 2%8/ ig wircm oxpirts% Hy tko tkarmqujrtor ig 8>:># tkas skjro kjm rasoe ti :;/% ]ko ^XF hofjlo tko wircms cjrbost oxpirtorjem sofiem cjrbost alpirtor hy vjcuo ae lam,8>>1 +gril rje ig 2 gir oxpirts jem ; giralpirts ae 8>>>!%

Xjpam briwtk wjs jcsi porvjsavo jfriss tko JFA ofieilaos% Ae 8>>># gir oxjlpco# js skiweae ]jhco 8# JFA por fjpatj aefilos aefcumom j ciwor,aefilo movocipom fiuetry# Vaebjpiro#jt 2>%?/ ig _eatom Vtjtos +_V! covocs# twi uppor lammco,aefilo movocipaeb fiuetraos#Ljcjysaj +jt 82%=/! jem ]kjacjem +88%?/!# tkroo ciwor lammco,aefilo fiuetraos# Aemieosaj+jt ::%6/!# tko ^XF +1%8/!# jem tko ^kacappaeos +;%8/!# jem twi ciw,aefilo movocipaebfiuetraos# Aemaj +jt 7%7/!# jem Waot Ejl +7%6/!%

Kiwovor# ivor tko eoxt mofjmo# ojfk JFA fiuetry livom aeti j kabkor por fjpatj aefiloofkocie +]jhco 8!% ]ko ^XFs raso wjs tko list rjpam# rojfkaeb 86%1/ ig _V purfkjsaeb

piwor pjraty + ^^! por,fjpatj covocs hy 8>:>0 Vaebjpiro jclist fjubkt up watk tko _V#rojfkaeb 1>%=/ ig ats por,fjpatj0 Ljcjysaj rojfkom 68%7/ ig _V por fjpatj# ]kjacjem 81%8/#Aemieosaj :?%=/# Aemaj :>%;/# jem Waot Ejl :>%=/% ]kus jcc ljmo ljr om alprivoloets%


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=

Iecy tko ^kacappaeos +1%26/! kjm livom up hy coss tkje 8>/% Fiesoquoetcy# tko skjro igtko JFA ofieilaos ae wircm briss milostaf primuft +BM^! lojsurom ae ^^ torls risomrjljtafjccyaefrojsaeb hy liro tkje ?>/ ivor tko poraim 8>>>8>:>gril :1%?/ ae8>>> ti 6:%8/ ae 8>:> +]jhco :!% Ae fietrjst# tko skjro ig jmvjefom ofieilaos ae wircmBM mofcaeom hy :? porfoetjbo piaets% JFA skjros ae eilaejc bcihjc iutput jem por fjpatjaefilos# lojsurom usaeb furroet +Rircm Hje Jtcjs! oxfkjebo rjtos cjb hokaem tkiso ae^^ torls hofjuso ig tkoar ciwor prafos ig eie,trjmjhco biims jem woj oxfkjebo rjtos+]jhcos = jem ?!% Eieotkocoss# JFA skjros stacc liro tkje miuhcom# gril 2%:/ ae 8>>> ti:?%;/ ae 8>:> +]jhco =!%

]jhco :4 Rircm BM^ Vkjro ig tko ^XF# Aemaj# jem 7 Ljdir JÔF Ejtaies +^^^!/ ig Rircm BM^ 8>>> 8>:> 8>6>

^XF 1%=62/ :;%7=/ 8;%?2/

Aemaj ?%667/ 2%=6/ :6%>?/

Aemieosaj :%18=/ 8%:=8/ 8%;=/

Ljcjysaj >%?>=/ >%?87/ >%?>/

^kacappaeos >%?62/ >%?77/ >%7>/

Vaebjpiro >%86:/ >%8=;/ >%86/

]kjacjem :%::7/ :%:=:/ :%:>/

Waot Ejl >%=>=/ >%?=6/ >%2?/JÔF ]itjc +oxfcumaeb^XF jem Aemaj! =%28/ ?%:2/ 7%>8/

JFA ]itjc :1%=1/ 6:%8=/ =2%7=/JÔF


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?

]jhco 64 BM^ jem BM^ ôr Fjpatj Briwtk Xjtos ig tko ^XF# Aemaj# jem VaxLjdir JÔF Ejtaies 8>:>8>6>

Fiuetry)Xobaie BM^ briwtk rjtoBM^ por fjpatj briwtkrjto

^XF 7%28/ 7%=;/

Aemaj 2%==/ 7%8;/Aemieosaj ?%1?/ ?%>?/Ljcjysaj =%8=/ 8%1:/^kacappaeos =%2?/ 6%>2/Vaebjpiro =%>6/ 8%81/

]kjacjem =%8?/ 6%;;/Waot Ejl 7%:2/ ?%6:/JÔF ]itjc +oxfcumaeb^XF jem Aemaj! ?%82/ =%8=/JFA ]itjc 7%71/ ?%1=/_eatom Vtjtos 8%?;/ :%28/

Rircm =%=2/ 6%=2/Viurfo4 Fiegoroefo Hijrm ]itjc Ofieily Mjtj Hjso jem jutkirs fjcfucjtaies% Fiegoroefo Hijrm ]itjc OfieilafMjtjhjso wjs usom ti filpaco BM jem BM por fjpatj mjtj sax yojrs:1?># :17># :17?# :126# 8>>># jem 8>6>%Girofjst mjtj gril tko ALG# Fata Hje # OA_# _VMJ# tko Fiegoroefo Hijrm jem tko _eatom Vtjtos Foesus Hurojuworo usom ti boeorjto tko aegirljtaie gir 8>6>%

]jhco =4 Rircm Eilaejc BM^ Vkjro +Oxfkjebo Xjto Jmdustom! ig tko ^XF#Aemaj# jem Vax Ljdir JÔF Ejtaies

Eilaejc BM^Roabkt ig tko Rircm+oxfkjebo rjtojmdustom! 8>>> 8>:> 8>6>

^XF 6%;>/ 1%;7/ 8>%11/Aemaj :%=7/ 8%1>/ ?%76/Aemieosaj >%?8/ :%:1/ :%26/Ljcjysaj >%6>/ >%=>/ >%=:/^kacappaeos >%87/ >%66/ >%6=/Vaebjpiro >%81/ >%62/ >%71/

]kjacjem >%61/ >%?6/ >%?1/Waot Ejl >%:>/ >%:2/ >%8?/JÔF ]itjc+oxfcumaeb XF jemAemaj! :%;7/ 6%>>/ =%>:/JFA ]itjc 2%:8/ :?%22/ 6>%76/

Viurfo4 Rircm Hje Jtcjs jem jutkirs fjcfucjtaies usaeb pridoftaies% Fiegoroefo Hijrm ]itjc Ofieilaf Mjtjhjsowjs usom ti filpaco BM jem BM por fjpatj mjtj sax yojrs:1?># :17># :17?# :126# 8>>># jem 8>6>% Girofjstmjtj gril tko ALG# Fata Hje # OA_# _VMJ# tko Fiegoroefo Hijrm jem tko _eatom Vtjtos Foesus Huroju woro usom tiboeorjto tko aegirljtaie gir 8>6>%


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7

]jhco ?4 Eilaejc BM^ ôr Fjpatj +Oxfkjebo Xjto Jmdustom! Filpjrom watk _VBM^ ôr Fjpatj

Eilaejc BM^ porfjpatj +oxfkjeborjto jmdustom! 8>>> 8>:> 8>6>

^XF 8%2>/ 1%6=/ 6=%68/Aemaj :%6>/ 6%:8/ ;%22/Aemieosaj 8%8>/ 7%:?/ :6%76/Ljcjysaj ::%??/ :2%2;/ 8?%6?/^kacappaeos 8%;=/ =%88/ ?%?>/Vaebjpiro 7?%>=/ 1:%?1/

]kjacjem ?%7?/ :>%:7/ :;%;6/Waot Ejl :%:8/ 8%==/ ?%=2/JÔF ]itjc+oxfcumaeb XF jemAemaj! 6%7:/ 2%:>2/ :=%:>/

JFA ]itjc 8%6=/ 7%?==/ :1%1:/Viurfo4 Rircm Hje # Fiegoroefo Hijrm ]itjc Ofieily Mjtj Hjso jem jutkirs fjcfucjtaies Fiegoroefo Hijrm ]itjcOfieilaf Mjtjhjso wjs usom ti filpaco BM jem BM por fjpatj mjtj sax yojrs:1?># :17># :17?# :126# 8>>>#jem 8>6>% Girofjst mjtj gril tko ALG# Fata Hje # OA_# _VMJ# tko Fiegoroefo Hijrm jem tko _eatom Vtjtos FoesusHuroju woro usom ti boeorjto tko aegirljtaie gir 8>6>%

]jhco 74 Rircm Eilaejc BM^ Vkjro ig tko ^XF# Aemaj# jem Vax Ljdir JÔFEjtaies

/ ig Rircm BM^ 8>>> 8>:> 8>6>

^XF 2%>2/ :6%2:/ 88%=:/

Aemaj 6%22/ ?%78/ :>%?8/

Aemieosaj :%:7/ :%6;/ :%17/

Ljcjysaj >%?>/ >%?7/ >%?2/^kacappaeos >%==/ >%=1/ >%?7/

Vaebjpiro >%8?/ >%6:/ >%6>/

]kjacjem >%2=/ >%21/ >%;:/

Waot Ejl >%87/ >%62/ >%??/JÔF ]itjc+oxfcumaeb XF jemAemaj! 6%6?/ 6%1:/ =%2=/

JFA ]itjc :=%:1/ 86%8=/ 62%7;/Viurfo4 Rircm Hje # Fiegoroefo Hijrm ]itjc Ofieily Mjtj Hjso jem jutkirs fjcfucjtaies Fiegoroefo Hijrm ]itjcOfieilaf Mjtjhjso wjs usom ti filpaco BM jem BM por fjpatj mjtj sax yojrs:1?># :17># :17?# :126# 8>>>#jem 8>6>% Girofjst mjtj gril tko ALG# Fata Hje # OA_# _VMJ# tko Fiegoroefo Hijrm jem tko _eatom Vtjtos Foesus

Huroju woro usom ti boeorjto tko aegirljtaie gir 8>6>%


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2

]jhco 24 Eilaejc BM^ or Fjpatj filpjrom ti _V BM^ ôr Fjpatj ig tko ^XF#Aemaj# jem Vax Ljdir JÔF Ejtaies

BM^ por fjpa tj 8>>> 8>:> 8>6>

^XF 7%>;/ :7%:6/ =>%81/

Aemaj =%=;/ 2%?>/ :;%>8/

Aemieosaj 7%?>/ ;%1:/ :7%12/

Ljcjysaj 8?%1?/ 6>%;1/ 6;%12/

^kacappaeos 7%=6/ 2%2=/ :>%>7/

Vaebjpiro 2=%=7/ 16%?7/ :>=%22/

]kjacjem :=%86/ :;%7>/ 8;%6?/

Waot Ejl 6%1?/ 7%=1/ :6%>>/JÔF ]itjc +oxfcumaeb^XF jem Aemaj! ;%7?/ ::%=;/ :;%68/

FAJ ]itjc ?%16/ ::%1;/ 87%16/Viurfo4 Rircm Hje # Fiegoroefo Hijrm ]itjc Ofieily Mjtj Hjso jem jutkirs fjcfucjtaies% Fiegoroefo Hijrm ]itjcOfieilaf Mjtjhjso wjs usom ti filpaco BM jem BM por fjpatj mjtj sax yojrs:1?># :17># :17?# :126# 8>>># jem 8>6>%Girofjst mjtj gril tko ALG# Fata Hje # OA_# _VMJ# tko Fiegoroefo Hijrm jem tko _eatom Vtjtos Foesus Huroju woro usom tiboeorjto tko aegirljtaie gir 8>6>%

]jhco ;4 Vkjro ig Rircm BM^ +ae Eilaejc# Oxfkjebo Xjto Jmdustom ]orls!Jffirmaeb ti Xojc BM^ ôr Fjpatj

Xojc por fjpatjBM^ js / ig _Vpor fjpatj BM^ 8>>> 8>:> 8>6>

>:1%11/ :6%6=/ ;%16/ 8%;1/

8>61%11/ 7%=1/ 86%=1/ :;%7=/

=>?1%11/ ?%8>/ =%8=/ 81%?=/

7>21%11/ =6%>>/68%=>/

:=%:;/;>:>>/ 6:%1;/ 6>%66/ 6=%>6/

Viurfo4 Rircm Hje # Fiegoroefo Hijrm ]itjc Ofieily Mjtj Hjso jem jutkirs fjcfucjtaies% Fiegoroefo Hijrm ]itjcOfieilaf Mjtjhjso wjs usom ti filpaco BM jem BM por fjpatj mjtj sax yojrs:1?># :17># :17?# :126# 8>>>#jem 8>6>% Girofjst mjtj gril tko ALG# Fata Hje # OA_# _VMJ# tko Fiegoroefo Hijrm jem tko _eatom Vtjtos FoesusHuroju woro usom ti boeorjto tko aegirljtaie gir 8>6>%

]jhco 14 Vkjro ig Rircm ae ^^^ ]orls

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;>:>>/ 66%=>/ 82%:7/ 82%?:/ 82%:>/ 86%:1/ 88%?1/ :1%88/Eitos4 ôrfoetjbo ig wircm BM kocm hy ojfk briup hjsom ie por fjpatj BM filpjrom watk _V por fjpatj BM +>:1%11/#8>61%11/# =>?1%11/# 7>21%11/# ;>:>>/! ae ojfk yojr wjs giuem jem tjhucjtom%

Viurfo4 Fiegoroefo Hijrm ]itjc Ofieilaf Mjtjhjso wjs usom ti filpaco BM jem BM por fjpatj mjtj sax yojrs:1?>#

:17># :17?# :126# 8>>># jem 8>6>% Girofjst mjtj gril tko ALG# Fata Hje # OA_# _VMJ# tko Fiegoroefo Hijrm jem tko _eatomVtjtos Foesus Huroju woro usom ti boeorjto tko aegirljtaie gir 8>6>%


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Bcihjc Alhjcjefos4 Bcihjc ofieilaf briwtk hotwooe :11> jem 8>:> wjs jssifajtom watktko olorboefo ig cjrbo trjmo jem furroet jffiuet alhjcjefos +]jhco :>!% J pjrtafucjrcypiworguc briwtk mravor wjs tko surbo ae movocipom fiuetry spoemaeb tkjt iutrje tko raso aeBM^% Hiistom hy huiyjet oquaty jem priporty ljr ots# ciw aetorost rjtos# jem frojtavogaejefaeb prjftafostkjt tureom iut ti ho masjstriusmovocipom fiuetry fiesulorshirriwom jem spoet liro tkje tkoar aefilos% ]kas com tko _V ti boeorjto cjrbo furroetjffiuet mogafats gaejefom kojvacy hy giroabe foetrjc hje`s tkjt jffulucjtom cjrbo kicmaebs igmiccjr rosorvos% Movocipaeb fiuetraos ae Jsaj jem ocsowkoro roprosoetom tko itkor samo igtko fiae% Ojst Jsajes boeorjccy `opt tkoar oxfkjebo rjtos woj jem jffulucjtom rosorvos%Ae tko ^XF# oxtrolocy kabk milostaf sjvaeb rjtos hy hitk kiusokicms jem firpirjtaiessuppirtom je aevostloet jem oxpirt,com myejlaf tkjt gojturom kabk prigat skjros jemmofcaeaeb skjros ig wjbos jem fiesulptaie ae BM^% ]ko iutfilo wjs rjpam briwtk aeoxpirts ig biims jem sorvafos js j skjro ig BM +:7/ ti 6?/ gril :11>8>>;!# filhaeomwatk sciwor briwtk ae alpirts +:6/ ti 82/ ig BM gril :11>8>>;!# jem j rasaeb trjmosurpcus tkjt rojfkom 2%2/ ig ats BM ae 8>>; +gril 6/ ae :11>!%

]jhco :>4 Oxtorejc Hjcjefo ie Biims jem Vorvafos +/ ig BM^!:1;> :11> 8>>> 8>>;

Oxtorejc hjcjefo biims ' sorvafosKabk aefilo4 IOFM +:%6! +>%7! +>%;! +:%6!_eatom Vtjtos +>%?! +:%6! +6%1! +=%1!Ouripoje _eaie +8%6! +>%?! >%6 >%2D jpje +>%1! >%1 :%? >%:

Ciw ' lammco aefilo +8%8! +>%6! :%? :%:Hrjzac +8%6! :%8 +:%;! >%8^XF +>%=! 6%> 8%= 2%2Aemaj +6%:! +:%=! +>%1! +?%=!Xussaje Gomorjtaie >%8 8>%> 1%8Viutk Jgrafj ;%> ?%? 6%> +6%>!Vuh,Vjkjrje Jgrafj +movocipaeb iecy! :%8 >%1 :%7 +8%;!

+ ! ti 8>6> gir :88fiuetraos# A kjvo mrjwe ie gavo ropirts%

8

A kjvo kjm ti oxtrjpicjto silo ig tko pridoftaies ie tko hjsas ig tko liro oxtoemomgirofjsts%

Rkoro spofagaf girofjsts woro jvjacjhco A bjvo ojfkoqujc woabkt% Vaefo tko ropirts mi eit jcc privamo girofjsts gir tko gucc poraim# kiwovor#

6

A mi kjvo gir tko gucc poraim%

]koso oxtrjpicjtaies woro hjsom ie tko jssulptaie tkjt tko briwtk prigacoswiucm ljtfk tkiso ig tko twi filpcoto sots +Fata hje jem tko Ofieilast Aetoccaboefo _eat!

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8]koso jro tko Fiegoroefo Hijrm Bcihjc Ofieilaf Iutcii # Fata Hje Bcihjc Ofieilafs Waow +Huator 8>::!#tko _VMJ Cieb ]orl ^ridoftaies# ALG Rircm Ofieilaf Iutcii Mjtjhjso# jem Ofieilast Aetoccaboefo _eat+OA_! Fiuetry Mjtj%

BM por fjpatj covocs ae 8>6> woro tkoe ostaljtom usaeb tkosopridoftom BM briwtk covocs jem pipucjtaie briwtk pridoftaie ostaljtos privamom hy tkoFoesus Huroju% 8>:> eilaejc BM covocs woro privamom hy tko Ofieilast Aetoccaboefo _eat#wkafk woro tkoe usom ti promaft tko 8>6> eilaejc BM covocs# usaeb tko BM briwtk rjtos%

6OA_ jem Fata privamom girofjsts up ti 8>6># hut tko Fiegoroefo Hijrm jem _VMJ kjm pridoft aefilo tkriubk

8>8> jem tko ALG kjm lorocy j gavo yojr pridoftaie# gril 8>:> ti 8>:?%

= Ag gir oxjlpco Fata pridoftom j fiuetrys briwtk wiucm mofocorjto gril 2/ hotwooe 8>:> jem 8>8> ti ?/hotwooe 8>8> jem 8>6># jem tko ALG pridoftom j briwtk ig :> gir tkjt fiuetry# wo jssulom tkjt hotwooe8>8> jem 8>6> tko ALG eulhor wiucm ho ?)2 ig :># a%o%# 2/%


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A jcsi ostaljtom eilaejc BM briwtk uemor tko jssulptaie tkjt rojc oxfkjebo rjtos wiucmjpprofajto sliitkcy jcieb watk fievorboefo ti _V BM covocs%?

A ropirt tko por fjpatj jem jbbrobjto rojc briwtk rjtos ig tko twoety cjrbost fiuetraos ivortko twoety yojr poraim ae ]jhco :: +Voo jcsi ]jhco 6!% Movocipom fiuetraos jro oxpoftom tibriw sciwcy% ]ko _V jvorjbos 8%7/ jeeujc briwtk jem dust :%2/ por fjpatj briwtk% ]ko

ljdir Ouripoje ofieilaos jem D jpje jro oxpoftom ti briw ovoe liro sciwcy4 _@ +8%8BM^):%; por fjpatj!# Grjefo +:%1):%7!# Borljey +:%=):%?!# Atjcy +:%8):%:!# jem D jpje+:%8):%?!% ]kus tko cifus ig bcihjc briwtk roljaes tko movocipaeb fiuetraos ae boeorjc jemtko JFA ae pjrtafucjr% Xogcoftaeb tkoar briwaeb woabkt# bcihjc briwtk as j rihust =%?/# watk porfjpatj aefilos rasaeb jt 6%?/ jeeujccy% ]ko JFA ojsacy oxfooms tkas pjfo# jvorjbaeb 7%2/por jeeul# com hy Aemaj +2%==/!# gicciwom hy tko ^XF +7%2/!# jem JÔF +?%6/!% Aemajsivorjcc briwtk rogcofts ats gjstor pipucjtaie briwtk# jem ats por fjpatj rjto ig 7%6/ as jftujccyscabktcy ciwor tkje tko ^XF +7%?/!% Rkaco tko ^XFs briwtk as pridoftom ti ho rjpam# at staccroprosoets j fiesamorjhco mofocorjtaie gril tko pjfo at ljaetjaeom gir tkroo mofjmos% RatkaeJÔF tko gjstost briwtk iffurs ae Waot Ejl +7%:2/! jem Aemieosaj +?%1?/!%

Js Xopirtom ae ]jhco ::# iutsamo tko JFA# tko BM briwtk pridoftaies gir tko cjrbost

movocipaeb fiuetraos aefcumo Hrjzac +=%=/ por jeeul!# Xussaj +6%1/!# tko Xopuhcaf ig @iroj+koefogirtk# @iroj! +6%?/!# Loxafi +6%2/!# ^j astje +?%7/!# ]ur oy +6%7/!# Obypt +?%;/!#Eaboraj +7%7/!# jem Arje +=%8/!%

]ko JFA jro j ljdir gjftir ae tko raso ae bcihjc BM^% Js eitom ae ]jhco :# hotwooe 8>:> jem8>6> tko JFA skjro rasos gril 6:%8/ ti =2%7/# jffiuetaeb gir jclist 7>/ ig tko jmmataiejcraso ae bcihjc BM^% ]ko ^XF skjro rasos hy j gucc toe porfoetjbo piaets# gril :;%7/ ti8;%7/ jem at jcieo jffiuets gir 6?%2/ ig ivorjcc bcihjc briwtk jem 78/ ig jcc JFA briwtk%Aemajs skjro aefrojsos gril 2%=/ ti :6%>?/# fietrahutaeb :2%6/ ig tko bcihjc briwtk jem81/ ig tko JFA briwtk% JÔFs bcihjc skjro jcsi rasos# hut iecy gril ?%8/ ti 7/# jem atjffiuets gir 2/ ig bcihjc briwtk%

]kus hy gjr tko list alpirtjet bcihjc alpjft wacc ho tko rosuct ig wkjt kjppoes ae tko ^XF#

watk Aemaj hoaeb jhiut kjcg js alpirtjet% Iutsamo ig tko ^XF jem Aemaj# tko cjrbostfietrahutaies ti wircm briwtk filo gril tko _V;%7/ +]jhco ::!% Ei itkor fiuetraos jrosabeagafjet% ]ko cjrbost alpjfts filo gril Aemieosaj +6%66/!# Hrjzac +8%?/!# Xussaj +:%1/!#@iroj +:%=/!# Loxafi +:%86/!# ^j astje +:%8/!# Eaboraj +:%>2/!# jem tko _eatom @aebmil+_@! +:%>7/!% ]ko movocipom fiuetraos +mogaeom js tkiso watk twi tkarms ig _V por fjpatjaefilo! jffiuetom gir ==/ ig wircm iutput ae ^^ torls ae 8>:>% Hut tkoy jffiuet gir iecy:;/ ig tko briwtk ae wircm BM ivor tko twoety yojr poraim% Ig tko twocvo fiuetraos tkjtfietrahuto tkroo qujrtors ig wircm briwtk# iecy twi jro movocipom fiuetraos%

Ae torls ig eilaejc aefilos# JFA as rocjtavocy coss alpirtjet% Ae 8>:># JFA jffiuetom gir:?%;/ ig wircm aefilo lojsurom jt furroet oxfkjebo rjtos +]jhco 7!% ]kjt skjro wiucm rasoti 6>%7/# kiwovor# ie je oxfkjebo rjto jmdustom hjsas% ]kus# mospato ats eilaejc skjro ig

dust :?%;/# JFA fietrahutos jhiut =>/ ig tko ljrbaejc bcihjc briwtk ae jmdustom eilaejcaefilo jem tko ^XF jcieo wiucm jffiuet gir 8;/ ig tko aefrojso% Fcojrcy# ovoe tkiubktkoar eilaejc por fjpatj aefilos roljae suhstjetajccy ciwor tkje tko _V ae 8>6> +]jhco 2! girtkiso watk biims jem sorvafos ti socc ti JFA# tko oxpoftom raso ae huyaeb piwor asfiesamorjhco%

? Ro jssulo tkjt fiuetraos wacc kjvo tko sjlo eilaejc por fjpatj aefilos js tko _V wkoe tkoy rojfk tko sjlo^^ por fjpatj aefilos js tko _V% Jffirmaebcy# wo jssulo tkjt tkoar oxfkjebo rjtos jpprofajto sliitkcy jstkoy fievorbo%


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]jhco ::4 Fiuetraos Xjeòm hy Vkjro ae Rircm ^^ Briwtk 8>:>8>6>

ôraim ^^^ BM^ briwt krjto 8>:>8>6>

Vkjro ae Rircm ^^^Briwtk 8>:>8>6>

ôr Fjpatj Aefilo Xocjtavo ti _VJ Vkjro ae Rircm BM^ BM^ por fjpatj /ig _V

/ ig Rircm BM^Fiuetry 8>:> 8>6> 8>:> 8>6>

^XF 7%2 6?%?1 86%1 ?1%2: :;%7= 8;%7> >%8= >%:1Aemaj 2%= :2%>8 :>%; 8?%11 2%=6 :6%>> >%:: >%>2_eatom Vtjtos 8%7 ;%78 :>>%> :>>%>> :;%:8 :8%7> :%>> >%:;Aemieosaj 7%> 6%66 :?%= 81%8? 8%:= 8%;> >%:? >%>8Hrjzac =%= 8%?: 88%> 6:%>: 8%?; 8%?> >%88 >%>6Xussaje Gomorjtaie 6%1 :%1= 8;%2 =1%77 8%66 8%:> >%81 >%>8Xop% ig @iroj 6%? :%6; 2>%8 12%;= :%11 :%7> >%2> >%>8Loxafi 6%2 :%86 8=%1 6>%6> :%76 :%=> >%8? >%>8^jàstje ?%7 :%8: ;%8 :6%82 >%;? :%:> >%>; >%>:Eaboraj 7%7 :%>2 7%= :>%8: >%?2 >%1> >%>7 >%>:]kjacjem =%6 :%>7 81%8 ==%=; :%:= :%:> >%81 >%>:_eatom @aebmil 8%8 :%>7 28%2 26%=; 8%7? :%2> >%26 >%>6Djpje :%8 :%>= 28%: 7;%1; ?%66 8%;> >%28 >%>?Obypt ?%; :%>: :6%1 88%81 >%72 >%1> >%:= >%>:Fjejmj 6%> >%1: ;>%; 1>%2= :%?1 :%8> >%;: >%>8Waot Ejl 7%8 >%1> :>%= 8>%;6 >%?= >%;> >%:> >%>:Grjefo :%1 >%;1 2>%? 7;%;6 8%77 :%7> >%2> >%>6]uròy 6%7 >%;; 87%? 6:%27 :%8> :%>> >%87 >%>:

]I]JC ;:%7= 28%>7 22%2>

Viurfo4 Jutkirs pridoftaies%

Viurfo4 Fiegoroefo Hijrm ]itjc Ofieilaf Mjtjhjso% Girofjst mjtj gril tko ALG# Fata Hje # OA_# _VMJ# tko Fiegoroefo Hijrm jem tko _eatom Vtjtos Foesus Huroju woro usom ti boeorjto tkoaegirljtaie gir 8>6>%


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Bcihjc Alhjcjefos4 Liroivor# tko briwtk mavorboefo hotwooe movocipom jem movocipaebfiuetraos as oxpoftom ti ho jffilpjeaom hy jmmataiejc bcihjc primuftaie jem oxpoematuroskagts roquarom ti rohjcjefo bcihjc trjmo gciws% Ae tko lomaul,torl# tko eoom gir gasfjcfiesicamjtaie ae eulorius movocipom fiuetraos wacc fiestrjae hitk puhcaf jem pravjtooxpoematuros alpcyaeb ljr ot briwtk tkjt as ovoe sciwor tkje BM briwtk% ]ko jmvjefomofieilaos wacc eit tkorogiro privamo ljr ots gir movocipaeb fiuetraos tkjt jro oxpjemaeb jsrjpamcy js tkoy mam ae tko pjst% ]kas wacc roprosoet j ljdir fkjebo gril tko oxporaoefo ig tkopjst mofjmo ae wkafk movocipaeb fiuetry briwtk# ospofajccy ae Jsaj# wjs hjsom ie sorvafaebmovocipom fiuetry ljr ots%

Hy fietrjst# aefilo briwtk ae olorbaeb ljr ots wacc boeorjto j briwaeb eulhor ig lammcofcjss fiesulors watk suhstjetajc jbbrobjto huyaeb piwor% Ie tko primuftaie samo# tko gifusig bcihjc filpotataie ae ljeugjfturaeb wacc skagt ae Jsaje ljr ots gril primuftaie ti sorvofiesulors ae jmvjefom ofieilaos ti primuftaie gir suppcyaeb tkas briwaeb milostaf lammcofcjss% ]ko jmdustloet prifoss wacc ho ojsom hy j brjmujc rojc jpprofajtaie ig tko ^XF yujetkjt wacc stalucjto ^XF alpirts gril movocipom +jem itkor movocipaeb! fiuetraos jemgjfacatjto tko ro,iraoetjtaie ig ^XF oxpirtors tiwjrms suppcyaeb tko milostaf ljr ot% ]ko ro,skagt ig tko XF ofieily tiwjrms aefrojsom milostaf fiesulptaie as oxpoftom ti alpjft ie

fillimaty prafos jem tko boibrjpkaf cifjtaie ig ljeugjfturaeb primuftaie% A wacc fiesamortkoso jspofts ae brojtor moptk cjtor%

6% ]KOIXQAV GIXOABE BXIR]K BIIM GIX ]KOKILO FI_E]XQ9

Ae j wamocy fatom jrtafco# Rkoro Xafjrmi jem Lacc Xohut jem Fiegarl Jrbuloets igLjaestrojl Ofieilasts Vuppirtaeb Bcihjcazjtaie# juc Vjluocsie fjstabjtom ljey ae tkoofieilafs prigossaie gir jrbuaeb tkjt trjmo aeovatjhcy hiists ejtaiejc aefilo ae cojmaebofieilaos sufk js tko _V jem abeiraeb tko cieb rofibeazom pissahacaty tkjt tkoso bjaes

fiucm skrae +Vjluocsie 8>>=4 :=8!%Ofieilaf kastiry as ropcoto watk sufk oxjlpcos# writo Vjluocsie# Ovoe wkoro tkocojmors fietaeuom ti pribross ae jhsicuto briwtk# tkoar rjto ig briwtk toemom igtoe tiho jttoeujtom hy je jmvorso kojmwaem boeorjtom gril ciw,wjbo filpotatirs jemtofkeafjc alatjtirs %

Vjluocsies jrbuloet rosts ie tko alpjft tkjt giroabe briwtk fiucm kjvo ie Jlorafjswocgjro wkoe filpjrjtavo jmvjetjbo fkjebos% Ko jejcyzos tko quostaie watk j fcjssafjcXafjrmaje limoc ae wkafk pjttores ig filpjrjtavo jmvjetjbo rogcoft maggoroefos ae aemustrycjhir primuftavaty%7

Ae jmmataie ti tkoiraos hjsom ie tko motorlaejets ig filpjrjtavo jmvjetjbo# kiwovor# jstko limoc paieoorom hy @rublje +:121! kjs moliestrjtom# tkoro jro jmmataiejc pitoetajcbjaes gril trjmo +jem giroabe briwtk! wkoe# ae tko prosoefo ig sfjco ofieilaos# trjmoaefrojsos tko vjraoty ig jvjacjhco primufts% Aemoom# Hrimj jem Roaestoae +8>>7! kjvo giuemtko wocgjro oggofts gir tko _V ig aefrojsom alpirts ig vjraotaos ti ho suhstjetajc8%7/ ig _V

Kas limoc alpcaos tkjt fkjebos wkafk iraoet tko movocipaeb ofieilytiwjrms liro trjmo +hofjuso ig aefrojsom oxpirt suppcaos jem)ir alpirt moljem jt bavoeprafos! jro biim gir tko movocipom fiuetry hofjuso at oxpjems trjmo jem alprivos tko

movocipom fiuetrys torls ig trjmo% Hjsafjccy# tko rico ig tko movocipaeb fiuetry js je oxpirtljr ot jem suppcaor ig fkojp alpirts milaejtos ats rico js je oxpirt filpotatir% Ie tkoitkor kjem# ag giroabe briwtk cojms ti coss trjmo at fiucm kurt tko movocipom fiuetry hyromufaeb tko torls ig trjmo jt bavoe trjmo viculos% Ae tkas fjso# tko movocipaeb fiuetryolorbos js je oxpirt filpotatir jem fkjeeocs rosiurfos jwjy gril suppcyaeb movocipomfiuetry alpirts%

7Moljem as jssulom jwjy hy kjvaeb salacjr spoemaeb pjttores jt kilo jem jhrijm%


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:8

BM gril :128 ti 8>>:% ]kus ovoe ae fjsos wkoro alpirt,hajsom briwtk jhrijm labktmopross tko kilo fiuetrys torls ig trjmo# tkas briwtk fiucm jcsi aefrojso tko primuftfkiafos jvjacjhco ti tko kilo fiuetry ti j mobroo tkjt liro tkje iggsots tkas oggoft iewocgjro%2

Ae liro filpcox limocs +jem ae rojcaty!# tkorogiro# fkjebos ae skirt,rue milostaf wocgjrogril giroabe briwtk wacc eit ho guccy rovojcom iecy hy tko fkjebos ae tko torls ig trjmo% Rkacosilo tko bjaes gril trjmo wacc iporjto tkriubk tko torls ig trjmo# tko sazo ig tko bjaes waccjcsi mopoem ie fiesulor progoroefos% Bavoe jey covoc ig tko torls ig trjmo# tko cjrbor astko skjro ig alpirts ae fiesulptaie# tko brojtor wacc ho tko alpjft ig fkojpor alpirt prafosie milostaf aefilo%

Je jmmataiejc fkjeeoc gir trjmo bjaes fiucm filo tkriubk alprivaeb rosiurfojccifjtaie jt kilo hy fiefoetrjtaeb primuftaie ae liro primuftavo garls% ]kas siurfo ig

bjaes as fjpturom ae tko fcjss ig limocs watk kotoriboeoius garls movocipom hy Locatz+8>>6!%

Eieotkocoss# cii aeb jt tko hokjvair ig tko torls ig trjmo as j usoguc pcjfo ti stjrt%Vjluocsie writo kas jrtafco ti fjstabjto ofieilasts gir ejavocy jssulaeb tkjt briwtk ae tko^XF wiucm eofossjracy ho biim gir tko _V% Ae j salacjr voae ae :1?6# D ike Kaf`s +:1?6!

jsòm wkotkor briwtk ae tko _V wjs biim gir tko _@% Kaf`s fiedofturom tkjt ae tko garststjbos ig giroabe briwtk# fiuetraos wiucm toem ti oxporaoefo tko gjstost primuftavaty bjaes aetkoar oxpirt aemustraos jem tkus privamo hoeogats ti tko rost ig tko wircm%

A skiucm oxpoft ti gaem tkjt tko alprivoloets wkafk stjrt j prifoss igmovociploet wacc ho oxpirt,hajsom% ]kas as cattco liro tkje j momuftaie gril tkoboeorjc praefapco ig tko mavasaie ig cjhiur% Fiuetraos# ca o poipco# jro list ca ocy tiljò tkoar alprivoloets ae tkiso sirts ig primuftaie wkafk tkoy jcrojmy mi rocjtavocywocc tkje ae tkiso tkoy mi rocjtavocy hjmcy0 Vaefo at as tko tkaebs wkafk tkoy ljòrocjtavocy wocc wkafk tkoy wacc ho oxpirtaeb# ir ie tko piaet ig oxpirtaeb# alprivoloetsae tkoso aemustraos wacc ho oxpirt,hajsom% +Kaf`s :1?64 :81!

Kiwovor# ae cjtor stjbos Kaf`s jcsi jrbuom tko oggofts ie tkoar trjmaeb pjrteors fiucm ho

jmvorso js fiuetraos oekjefom tkoar fjpjhacataos ti primufo tko biims tkoy woro alpirtaeb%;

Rkaco Kaf`s bavos je aetuatavo oxpcjejtaie gir kas fiedofturo# at as suppirtom hy ljey ig tkotkoiraos tkjt oxpcjae aetorejtaiejc pjttores ig spofajcazjtaie% Vaefo aefilos jro motorlaeomhy filhaeaeb gjftir suppcaos jem tofkeiciby# fiuetraos watk kabkor por fjpatj aefilos jroca ocy ti ho +j! liro aetoesavocy oemiwom watk kulje jem pkysafjc jem aestatutaiejc fjpatjc0jem +h! kjvo suporair tofkeicibaos# jem ag tjstos jro jssifajtom watk aefilos# jcsi kjvomastaeftavo moljem pjttores% ]kus tkoro as ca ocy ti ho j strieb jssifajtaie hotwooe +j! porfjpatj aefilos jem rocjtavo gjftir oemiwloets sufk js kulje jem pkysafjc fjpatjctkoKof`sfkor,Ikcae tkoiry0 +h! por fjpatj aefilos jem tofkeicibafjc fjpjhacataostkoXafjrmaje tkoiry0 jem +f! por fjpatj aefilos jem moljem pjttorestko Caemor tkoiry%

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Jftujccy# ag primufts jro maggoroetajtom tkoro jem kjvo mastaeftavo ejtaiejc fkjrjftorastafstko si,fjccom

Jrlaebtie jssulptaiegiroabe briwtk wirsoes tkoar torls ig trjmo js tko vjraotaos ae wkafk tkoy spofajcazoaefrojso ae suppcy% Aemoom# tkas as je jrbuloet ljmo hy Jfolibcu jem Woeturj +8>>8! ti oxpcjae wky ejtaiejcaefilo covocs toem ti staf tibotkor% ]kas alpcaos tkjt tko kilo fiuetry hoeogats gril giroabe briwtk hitktkriubk liro fkiafo jem alprivom torls ig trjmo%

Atwiucm eit tkorogiro ho surprasaeb ag por fjpatj aefilos sorvo js j piworguc promaftir ig

pjttores ig spofajcazjtaie%

;Gir oxjlpco# Kaf`s jrbuom aeatajccy ae tko eaeotooetk foetury briwtk ae tko _V kjm hooe biim gir aemustrajc

Hratjae hofjuso tko _V kjm spofajcazom ae jbrafucturjc oxpirts% Hut ko fcjalom tkjt js tko _V movocipomljeugjfturaeb fjpjfaty tko oggofts woro kjrlguc hofjuso at filpotom kojm ti kojm watk Hratask ljeugjfturom

oxpirts%1

J liro rofoet grjlowir wkafk olpkjsazos tko rico ig moljem pjttores as Gjdbochjul# Brisslje# jem

Kocplje +8>::!%


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Aemoom# tko stroebtk ig tko firrocjtaie hotwooe spofajcazjtaie pjttores jem aefilo covocs asfiegarlom hy tko wir ig Kjusljee ot jc% +8>>2! wki gaem j vory strieb jssifajtaie hotwooetko biims j fiuetry oxpirts# jem tko biims oxpirtom hy itkor fiuetraos watk salacjr porfjpatj aefilos% At kjs jcsi hooe rovojcom ae tko soquoetajc pjttores ig spofajcazjtaie tkjt tkoJsaje ofieilaos js kjvo gicciwom js tkoy kjvo movocipomtko pkoeiloeie `eiwe js

tko gcyaeb booso%

:>

Ae :1?># por fjpatj aefilos ae Ouripo jem Djpje woro kjcg jem j gagtk ig _V covocs#rospoftavocy +Fiegoroefo Hijrm ]OM mjtj!% Ivor tko suhsoquoet twi mofjmos# timjys

movocipom fiuetraos woro jhco ti fievorbo rjpamcy tiwjrms _V covocs# jem hy tko :12>sworo jt covocs fciso ti jhiut 2>/ ig _V covocs% ]ko ^XF jem Aemaj jem itkor JAF fiuetraoskjvo aemoom briwe rjpamcy ivor tko pjst mofjmo% Hut ovoe ae 8>:># por,fjpatj aefilos aetko ^XF jro riubkcy wkoro Djpje wjs ae tko ojrcy :1?>s# jem Aemaj as jt j covoc ig jhiut kjcgtkjt% Ae 8>:> @iroj +jt ?8%8/ ig _V por fjpatj covocs! jem ]japoa#Fkaej +?2%1/ ig tko _V!jro riubkcy wkoro tko Ouripoje fiuetraos woro ae tko :1?>s wkaco ljdir movocipaeb fiuetryoxpirtors ig ljeugjfturom biims sufk js Loxafi +8?/!# Hrjzac +:;%1/!# jem list itkormovocipaeb fiuetraos roljae gjr hociw tkiso ig tko _V%

Aeatajccy# gir oxjlpco# D jpje milaejtom oxpirts ig fcitkaeb jem salpcoljeugjfturors# hut js at movocipom at skagtom tiwjrms liro filpcox ljeugjfturom biims#sufk js fiesulor ocoftrieafs# skaps# jem stooc% Jt sjlo talo# Kieb @ieb# Fkaej0Vaebjpiro0 ]japoa#Fkaej0 jem @irojtko si,fjccom Eowcy Aemustrajcazaeb Ofieilaos +EAOs!tii ivor tko oxpirt ljr ots hoaeb vjfjtom ae primufts sufk js fcitkaeb jem tiys% Cjtor

D jpje livom ovoe gurtkor up tko tofkeicibafjc cjmmor aeti oxpirtaeb jutis jem sipkastafjtomfjpatjc biims# tko EAOs aefrojsaebcy aeti ropcjfaeb D jpje ae fiesulor ocoftrieafs skaps jemstooc jem itkor Jsaje fiuetraos sufk js Ljcjysaj# kacappaeos# jem Aemieosaj# jem uctaljtocytko ^XF tii ivor tko cjhir,aetoesavo primufts sufk js fcitkaeb jem fiesulor ocoftrieafs+Cae 8>::!% Vuppirt gir tkas vaow fje jcsi ho giuem ae Omwjrms jem Cjwroefo +8>:>!%

Rkaco fievoetaiejc tkoiry ljy subbost j pisatavo rocjtaieskap hotwooe JFA briwtk jem tkomovocipom fiuetraos# at kjs tko ippisato alpcafjtaies gir itkor movocipaeb fiuetraos tkjtfilpoto watk tko JFA ae oxpirt ljr ots% Ae pjrtafucjr# tko aefrojso ae tko bcihjc suppcy ig

ues accom,cjhir aetoesavo primufts fiucm jmvorsocy jggoft tkoso fiuetraos torls ig trjmo%]koro jro twi liro jmmataiejc fkjeeocs tkjt eoom ti ho oxpcirom% ]ko garst rocjtos ti tkoalpjft ig prafos ig praljry fillimataos gir wkafk tko JFA jro eot alpirtors% Rkorojs tkogrjlowir s ig trjmataiejc trjmo tkoiry toem ti olpkjsazo suppcy gjftirs js mravors ig trjmopjttores# tko moljem samo fje jcsi pcjy j rico% Ae tkas rospoft# tko JFA fiuetraos kjvo jealpirtjet alpjft ie tko wircm tkriubk tkoar moljem gir praljry fillimataos# jem tkoarbriwtk wiucm ho oxpoftom ti rjaso aefilos jhrijm gir itkor eot oxpirtors jem romufo tkisoig itkor eot alpirtors% ]ko sofiem as tko pissahacaty tkriubk bcihjc suppcy fkjaes# ig hiistaebtko moljem gir privamors ig aeputs tkjt jro filpcoloetjry ti JFA oxpirts% Ae wkjt gicciws Afiesamor tko ovamoefo gir tkoso giur typos ig oggofts%

=% OWAMOEFOMovocipom Fiuetraos4 Ae gjft# Kaf`s sools ti kjvo fjpturom tko prifoss ig fievorboefoquato wocc% Fiesamor Jlorafjs torls ig trjmo saefo :1?> skiwe ae Gaburo :% Fievorboefo hytimjys movocipom fiuetraos tiwjrms _V primuftavaty covocs wjs jssifajtom watk twi pkjsosae Jlorafjs torls ig trjmo4 garst# alprivoloets uetac tko cjto :17>s0 jem sofiem# ovoebrojtor mofcaeos ae tko 2>s% Js wiucm ho oxpoftom ag giroabe briwtk wjs oxpirt,hajsom# tko_V torls ig trjmo kjm alprivom stojmacy uetac tko cjto :17>s% Hy tko ojrcy :12>s# kiwovor#tko ljdir Ouripoje ofieilaos jem D jpje kjm fcisom lufk ig tkoar primuftavaty bjp watk tko_V% ]koar por,fjpatj aefilos woro hotwooe 72/ jem 2;/ ig _V covocs% Ae rospieso# tkoaroxpirts aefrojsaebcy filpotom watk tkiso ljmo hy tko _V% Js j rosuct# hy :12: tko _V

:>]ko pkrjso (gcyaeb booso pjttore ig movociploet( wjs fiaeom irabaejccy hy @jejlo J`jljtsu%


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miccjr kjm hofilo ivorvjcuom# jem tko _V wjs girfom ti jmdust ti tko mofcaeo ae atsfilpotatavoeoss tkriubk rojc oxfkjebo rjto moprofajtaie jem tko jssifajtom mofcaeos ae atstorls ig trjmo% ]kas ljr om tko sofiem pkjso tkjt kjs fieforeom hitk Kaf`s jemVjluocsie

]ko 2>s mjtj jcsi fjpturo tko oggofts ig twi iac skif s% Jgtor tko sofiem iac skif` ae tko cjto

:12>s# kiwovor# tko jbbrobjto torls ig trjmo ig tko _V kjvo roljaeom ae j gjarcy ejrriwrjebo% Liroivor# fietrjry ti Vjluocsies fiefores# saefo tko ojrcy :11>s# Jlorafjs eie,iac _V torls ig trjmo kjvo stojmacy alprivom# ae tko ljae hofjuso ig mofcaeaeb rocjtavo prafosig ljeugjfturom alpirts gril movocipaeb fiuetraos +soo Gaburos 8 jem 6!% Jbjae# tkorogiro#tkoro as suppirt gir Kaf`s4 at jppojrs tkjt tko movocipaeb fiuetraos wki jro ae tko aeatajcpkjsos ig tkoar fievorboefo kjvo alprivom Jlorafjs torls ig trjmo hy privamaeb cjrboroxpirt ljr ots jem fkojpor ljeugjfturom alpirts% ]ko sjlo troem as jppjroet gir tkoljeugjfturaeb torls ig trjmo ig Borljey jem D jpje% Aemoom# tko gjft tkjt tko eie,iac torlsig trjmo fietaeuom ti alprivo mospato tko wojòeaeb ig tko _V miccjr jgtor 8>>: wjsospofajccy stra aeb +Gaburo =!%

ôr fjpatj +^^^! aefilos ae tko ^XF jem Aemaj ae 8>:> woro 86%1/ jem :>%;/#

rospoftavocy# ig _V covocsliro ir coss wkoro D jpje wjs rocjtavo ti tko _V ae tko ojrcy:1?>s% Js A oxpciro hociw# ag tko pjst as pricibuo# tkas subbosts tkoar fievorboefo ti tkotofkeicibafjc grietaor fiucm tjò sovorjc mofjmos gir tko ^XF jem porkjps twafo tkjt ciebgir Aemaj%

Vuhstatutos4]ko gjft tkjt rocjtavo prafos ig tko ljeugjfturom biims oxpirtom hy movocipaebfiuetraos kjvo mofcaeom ljy ho biim eows gir fiesulors ae movocipom fiuetraos# hut at aseit eofossjracy biim eows gir itkor fiuetraos tkjt kjvo hooe girfom ti filpoto watk JFAoxpirts% ]koro as wkjt kjs hofilo èiwe js tko jmmaeb up prihcol garst kabkcabktom hyFcaeo +:1;8!% Js cieb js tkoy fje maspcjfo milostaf primufors ae movocipom fiuetraos#movocipaeb fiuetry oxpirts fje jcc oxpjem tibotkor% Hut jt silo piaet# iefo milostafprimufors jro mravoe iut# tko olorboefo ig tko ^XF jem itkor Jsaje oxpirtors fiucm friwmiut ippirtueataos gir itkor movocipaeb fiuetraos% ]koso oggofts jro ospofajccy ca ocy ae tkostjemjrmazom ljeugjfturom biims ae wkafk ljey movocipaeb fiuetraos spofajcazo%

Ae kas trahuto ti Vjedjy Cjcc# Xjpkjoc @jpcaes`y# gir oxjlpco# jrbuos tkjt tko fietolpirjrybcihjc ofieily as ae j pkjso ig strufturjc oxfoss fjpjfaty# pjrtafucjrcy gir ljeugjfturomprimufts oxpirtom hy ciw,aefilo fiuetraos% Ko loetaies# ie tko ieo kjem# tko filhaejtaieig tko ocalaejtaie ig primuftavo fjpjfaty ae kabk,aefilo fiuetraos# jem ie tko itkor kjem# tkofilpotatavoeoss ig Ojst Jsaj ae boeorjc jem tko ^XF ae pjrtafucjr% _saeb masjbbrobjtom O_alpirt mjtj# @jpcaes`y jem Vjetis, jucaei +8>>7! giuem tkjt tko coss tofkeicibafjccyjmvjefom oxpirts gril ciwor,aefilo fiuetraos jro gjccaeb ae rocjtavo prafo%

]koro as jcsi ovamoefo tkjt XF prafos# sot ae _V miccjrs# kjvo calatom tko pjss tkriubk igoxfkjebo rjto fkjebos ae itkor fiuetraos aeti _V prafos% Ljrjzza ot jc% +8>>?! gaem tkjt tko

pjss,tkriubk kjs mofcaeom list stoopcy ae tkiso primuft fjtobiraos ae wkafk tko ^XFoxpjemom ats alpirt ljr ot skjro list rjpamcy% ]ko oggoft as fcisocy rocjtom ti tko ^XFs pobti tko miccjr ivor lufk ig tkas pist,8>>> poraim% Horbae jem Gooestrj +8>>2!# gir oxjlpco#skiw tkoirotafjccy tkjt tko rasaeb alpirt skjros hy fiuetraos watk gaxom oxfkjebo rjtos fjecojm ti j maspripirtaiejto romuftaie ae tko pjss,tkriubk ig oxfkjebo rjtos ti _V alpirtprafos% ]koy ostaljto tkjt tko rasaeb skjro ig trjmo gril tko ^XF# ir gril jcc fiuetraos watkgaxom oxfkjebo rjtos# oxpcjaes j mofcaeo ae pjss,tkriubk hy jhiut ieo,gagtk ig ats sazo ivortko poraim :1168>>7%

Hcof or jem Xjzla +8>>1! jcsi privamo suppirt gir tko vaow tkjt oxpirt ljr ots girmovocipaeb fiuetraos ljeugjfturom biims kjvo hofilo fiebostom% ]koy prosoetofieilotraf ovamoefo ig +j! sabeagafjet qujetatjtavo maspcjfoloet ig ljeugjfturom oxpirtsgril silo movocipaeb fiuetraos hy salacjr typos ig oxpirts gril itkor movocipaeb fiuetraos0tkjt oxpirts gril maggoroet movocipaeb fiuetraos jro fciso suhstatutos jem list stra aebcy# tkjtmovocipaeb fiuetraos ihtjae sabeagafjet briwtk hoeogats hy ljaetjaeaeb ciw rojc oxfkjebo


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rjtos rocjtavo ti filpotaeb movocipaeb fiuetraos# mospato rojc moprofajtaies rocjtavo ti tkoaemustrajcazom fiuetraos% Valacjrcy# Oafkoebrooe ot jc% +8>>2! giuem tkjt ^XF oxpirtsmaspcjfom oxpirts gril coss,movocipom Jsaje ofieilaos ae fiesulor biims%

Kjesoe jem Xihortsie +8>>;! amoetagy :> movocipaeb ofieilaos gir wkafk ljeugjfturaebroprosoets liro tkje 2?/ ig lorfkjemaso oxpirts +Kuebjry# Ljcjysaj# Loxafi# ^j astje#

tko kacappaeos# icjem# Xiljeaj# Vra Cje`j# ]kjacjem# jem ]uròy!# jem wkafk jro tkorogirotko ofieilaos list oxpisom ti tko jmvorso fiesoquoefos ig tko ^XF"s oxpirt briwtk%

]koy movocip j limoc usaeb j brjvaty spofagafjtaie jem jrbuo tkjt kjm Ptko ^XF"s\ oxpirtsuppcy fjpjfaty hooe fiestjet ivor tko :11?8>>? poraim moljem gir oxpirts wiucm kjvohooe >%;/ ti :%7/ kabkor ae tko :> fiuetraos stumaom%+Jhstrjft!%]kus# jctkiubk tkoy mi eitmasputo tko eobjtavo alpjft ig ^XF filpotataie ie tkoar filpotatirs# tkoy fiefcumo tkjtovoe gir tko movocipaeb fiuetraos list spofajcazom ae oxpirt ljeugjfturaeb# tko ^XF"soxpjesaie kjs roprosoetom j limost eobjtavo skif %

Aemoom# wkjtovor tko ljrbaejc oggofts ig tko JFA ie tkoar oxpirts# at as eieotkocoss kjrm tiljò tko fjso tkjt JFA filpotataie kjs kjm je ivorwkoclaeb eobjtavo alpjft ie briwtk aelist ig tko movocipaeb fiuetraos list mopoemoet ie ljeugjfturom oxpirts% Js ropirtom ae

]jhco :8# A kjvo tjòe tko :6 movocipaeb fiuetraos amoetagaom hy oatkor Hcof or jem Xjzla irKjesoe jem Xihorstie js rocajet ie ljeugjfturom oxpirts jem mi eit gaem tkjt typafjccy tkoarbriwtk rjtos woro sciwor hotwooe 8>>> jem 8>:> tkje ae tko ojrcaor mofjmo% Aemoom# aeoabkt ig tko fjsos briwtk wjs jftujccy gjstor jgtor 8>>>%

::

]koro roljaes j porvjsavo fiefore ae Jgrafj jem Cjtae Jlorafj jlieb ciw,aefilo fiuetraostkjt kjvo eit yot hofilo ljeugjfturaeb oxpirtors tkjt briwtk ae tko JFA fiucm cojvo tkoltrjppom js fillimaty primufors ti tko motraloet ig tkoar cieb torl briwtk +ALG 8>::!% ]kasgojr as ospofajccy prieiuefom ae Jgrafj# wkoro tkoro as wamosprojm mosaro gir aefrojsomvjcuo,jmmataie%

]jhco :84 Jvorjbo Jeeujc BM^ Briwtk ig Fiuetraos List Mopoemoet ieLjeugjfturom Oxpirts

Fiuet ry :11>8>>> 8>>>8>:> Maggoroefo

Ljcjysaj 2%: =%? +8%7!Loxafi 6%? :%2 +:%;!Milaeafje Xopuhcaf 7%: ?%> +:%:!Vra Cje j ?%8 ?%: +>%8!]kjacjem =%? =%6 +>%:!îcjem 6%; 6%1 >%:D jljafj >%2 >%1 >%:]ur oy 6%2 6%; >%:^j astje =%= =%; >%=

Hjebcjmosk =%; ?%; :%>Kuebjry >%7 :%1 :%6^kacappaeos 8%1 =%2 :%;Xiljeaj +:%2! =%> ?%2Jvorjbo 6%? 6%1 >%=

+ ! >1! jem Kjesoe jem Xihortsie +8>>;!%

::Oxfoptaies jro Ljcjysaj# Loxai# jem Milaefje Xopuhcaf%


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Filpcoloets4 ]koro as ovamoefo tkjt ^XF oxpirts kjvo jcsi maspcjfom ljeugjfturomoxpirts gril tko eowcy aemustrajcazaeb ofieilaos +EAOs!

:8jem silo JVOJE fiuetraos%

Kiwovor# tko jssifajtaie hotwooe briwtk ae tkoso ofieilaos jem briwtk ae tko ^XF kjshooe pisatavo% Rkaco tko Jsaje EAO ofieilaos ljy kjvo cist silo ljr ot skjro gir gaeaskombiims ae tko _V# gir oxjlpco# tkoar oxpirts ti movocipom fiuetry ljr ots# tkoy jppojr ti

kjvo hooe liro tkje filpoesjtom hy tko briwtk ae tkoar oxpirts ti tko XF% Vilo ig tkosooxpirts jro fjpatjc biims wkaco itkors tjò tko girl ig aetorlomajto biims tkjt jrojssolhcom ae tko ^XF jem uctaljtocy oxpirtom% ]ko list myejlaf pjrt ig ^XF oxpirtsfiesasts ig tko prifossaeb jem jssolhcy ig alpirtom filpieoets hy giroabe iweom garlstkoso garls jffiuet gir jclist 7>/ ig ^XF oxpirts% ]koso oxpirts jro kabkcy alpirt,aetoesavo jem tko alpirt fietoet typafjccy rjebos gril =>/?>/# hut oxfooms ;>/ gir kabk,tofkeiciby ocoftrieaf primufts%

:6

]ko afieaf oxjlpco ig tkas movociploet as tko aîm% Rkaco tko gucc vjcuo as fiuetom js jealpirt gril tko ^XF# iecy = miccjrs ig tko cjemom _V prafo ig :;> miccjrs as jttrahutom ti tko^XF wkoro tko jssolhcy tjòs pcjfo +hy j ]japoa#Fkaej,iweom garl!% ]ko kjrm mravo#maspcjy jssolhcy# jem hjttory pjf jro siurfom gril D jpje0 tko VMXJL gril @iroj0 jemtko vamoi prifossir# gcjsk loliry# jem fietriccor fkap gril tko _V +Caemoe ot jc% 8>>1!%

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Jkojre ot jc% +8>>7!# gir oxjlpco# gaem Jsaje ofieilaos toem ti oxporaoefo oxpirt briwtktibotkor js cieb js bcihjc briwtk as strieb% ]koy mi gaem fkjebos ae tko _V ljr ot tkjt jrofiesastoet watk j gcyaeb booso pjttore ae wkafk tko ^XF livos aeti tko primuft spjfovjfjtom hy tko Jsaje EAOs ir watk brojtor aetobrjtaie ig trjmo jfriss Jsaj ae tko primuftaieig gaejc biims% Eovortkocoss# tko ^XFs mrjljtaf bjaes ae rofoet yojrs aefrojso tko prossuroie Jsaje ofieilaos# pjrtafucjrcy ae JVOJE jem Viutk Jsaj# ti soo itkor jrojs igfilpjrjtavo jmvjetjbo +Oafkoebrooe ot jc% 8>>2!%

]ko olorboefo ig primuftaie eotwir s tkorogiro oejhcos garls ti spofajcazo ae j calatom pjrtig tko primuftaie fkjae%

]ko torls ig trjmo jro fcojrcy je oemiboeius vjrajhco tkjt as aegcuoefom hy suppcy jem

moljem fkjebos jt kilo jem jhrijm% Rkaco tko ox pist hokjvair ig tko torls ig trjmo jroaetorostaeb tkorogiro# j liro fievaefaeb tost ig tko Vjluocsie fiefore jhiut tko JFAroquaros j fiuetorgjftujc oxorfaso ae wkafk tko oggofts ig movocipaeb fiuetry briwtk jroostaljtom# kicmaeb movociploets ae tko jmvjefom fiuetraos fiestjet% Ksaok jem Issj+8>:>! kjvo uemortjòe sufk je oxorfaso% ]koy kjvo movocipom j lucta,fiuetry# lucta,aemustry boeorjc,oquacahraul limoc ig aetorejtaiejc trjmo gojturaeb aetor,aemustry trjmo wkafkfilhaeos tko Xafjrmaje grjlowir watk aetrj,aemustry trjmo js ae @rublje +:1;>!# jem garlkotoriboeoaty jsae Locatz +8>>6!% ]koy oxpciro tko oggofts ig titjc gjftir primuftavaty briwtkae tko ^XF jt tko twi,mabat aemustry covoc ie jvorjbo rojc aefilo ae tko rost ig wircm ivor tkoporaim :1188>>2%

]koy gaem tko alpjft wjs pisatavowkaco list ig tko bjaes jffruom ti tko ^XF atsocg#iporjtaeb tkriubk tko torls ig trjmo spacc,ivor# ^XF primuftavaty briwtk jmmom j >%=;/aefrojso ti tko jvorjbo rojc aefilo ig tko rost ig tko wircm% ]ko bjaes woro ospofajccy cjrbogir Jsaje ofieilaos +>%;2/ gir D jpje jem :%=8/ gir itkor Jsaje ofieilaos!# pisatavo girtko _V +>%66/! jem Jgrafj +>%6>/!# jem sljcc hut pisatavo ae Cjtae Jlorafje fiuetraoshosamos Loxafi ae wkafk tkoro woro cjrbor bjaes +>%7:/!% Jctkiubk Loxafi wjs aemoomeobjtavocy jggoftom hy ats maroft oxpirt filpotataie watk tko ^XF# tko jutkirs jrbuo tkas wjsliro tkje iggsot hy tko pisatavo oggofts ig ciwor ^XF prafos ie Loxafje alpirts# rocjtavo

:8Kieb @ieb# Fkaej0 @iroj0 Vaebjpiro0 jem ]japoa#Fkaej%

:6]ko milostaf fietoet ig socoftom ^XF ocoftrieaf oxpirts as =%7/ gir Filputors jem jffossiraos# :=%1/ gir

]ocofillueafjtaies oquaploet# :1%2/ gir Itkor filputor porapkorjc oquaploet# jem 88/ gir Ocoftrieaf

ocoloet jem movafos +@iiplje ot jc% 8>>;!%:=

Jeitkor fietrahutaie tkjt as kjrm ti ostaljto as tko uso ig kjrm mravos# ljmo hy tko D jpjeoso garl ]iskahj ae

tko XF%


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wjbo rospiesos ae Loxafi ti kabkor wjbos ae tko _V# jem tko oetry jem oxat ig garls ae jccfiuetraos jem aemustraos ae tko wircmFillimataos4 Com hy JFA# bcihjc briwtk kjs gom j fillimaty prafo hiil tkjt ae ture kjsboeorjtom gurtkor briwtk% Iac# lotjcs# laeorjcs# jem jbrafucturjc ljr ots jcc kjm vory striebupwjrm prafo troems%]ko ALGs jbbrobjtom fillimaty prafo aemox riso jclist tkroogicm

hotwooe 8>>> jem tko poj ig tko fillimaty hiil prair ti tko frasas% Lotjc prafos risoscabktcy liro tkje tkroogicm ivor tko poraim# wkaco giim jem hovorjbo prafos miuhcom% Fijcprafos jem arie,iro prafos riso hy luctapcos ig gavo ti sovoe% Fillimaty prafos pcullotommuraeb tko Bcihjc Gaejefajc Frasas# hut kjvo rofivorom jem eiw ae ljey fjsos oxfoom pro,frasas covocs%

J guemjloetjc motorlaejet ig tko fillimaty prafo hiil as tko fillimaty aetoesaty igmovocipaeb fiuetry briwtk +a%o%# moljem gjftirs!%:?]ko oggoft ig kabk aevostloet rjtos jemaemustry,aetoesavo primuftaie# hitk ig wkafk jro fillimaty jem oeorby,aetoesavo# aemovocipaeb fiuetraos fje hooe sooe ae tkoar virjfaius moljem gir lotjcs jem itkor praljryfillimataos% ]ko ^XF# gir oxjlpco# fietrahutom j tkarm ig bcihjc briwtk ivor tko pjst gowyojrs# hut jffiuetom gir jclist 7>/ ig tko aefrojsom moljem gir lotjcs jem itkor praljry

fillimataos jem 8>=>/ ig tko aefrojso ae iac%:7

]ko upwjrm prafo troems ae iac# lotjcs# laeorjcs# jem jbrafucturjc ljr ots +soo Gaburo :!kjvo ae ture hooe alpirtjet pisatavo mravors ig briwtk ae tko ljey movocipaeb fiuetraos tkjtjro mopoemoet ie fillimaty oxpirts% At kjs jcsi jcciwom tkoso fiuetraos ti jttrjft giroabeaevostloet%

:2

Rkaco rospiesahco gir strieb briwtk ae ljey fillimaty primufors# tkoar trjmo kjs jcsi hooevaowom watk silo fiefore% Ae pjrtafucjr# js loetaieom jhivo# tko assuo rocjtos ti tko cjf igvjcuo,jmmataie jem tkjt tko moljem gril tko ^XF jem Aemaj kjs ljaecy hooe girueprifossom biims% Ae hitk Viutk Jgrafj jem Hrjzac# gir oxjlpco# picafyljòrs kjvo

olpkjsazom tko mosaro gir aefrojsom vjcuo,jmmataie prair ti tko oxpirtaeb ig fillimataos%

Gir eot fillimaty alpirtors# ie tko itkor kjem# tkas movociploet kjseobjtavo fiesoquoefos% Ae pjrtafucjr# kabkor iac prafos kjvo iggsot tko alprivoloet ae _Vljeugjfturom biims torls ig trjmo%

:?Ofieilaos tkjt briw jt 2/# wacc boeorjccy aevost jriuem 6>/ ig tkoar iutput% Ae tko ^XF# tko aevostloet skjroig BM rojfkom fciso ti ?>/ ae 8>>1% Aevostloet oxpoematuro as fiefoetrjtom ie aegrjstrufturo# fiestruftaie#jem oquaploet# jcc ig wkafk jro lotjcs jem laeorjcs aetoesavo% Aemustrajc primuftaie as jcsi fillimaty jemoeorby +jem piccutaie! aetoesavo% Ie jvorjbo# aemustrajc primuftaie ljòs up 62/ ig BM ae olorbaebofieilaos filpjrom ti 8?/ ae kabk,aefilo Irbjeasjtaie gir Ofieilaf Fi,iporjtaie jem Movociploet+IOFM! fiuetraos% Ae tko ^XF# tko skjro ig aemustrajc primuftaie ae BM as oxfoptaiejccy cjrbo=2/ ig BMâe 8>>;% ]ko aemustry skjro as ciwor ae Aemaj +8;/ ig BM^! jem Hrjzac +82/ ig BM^!# hut stacc kabkor tkje ae tko_V +8:/ ig BM^!% +Mjtj ihtjaeom gril Rircm Movociploet Aemafjtirs!%

:7]ko lotjcs aetoesaty ig tko ^XFs BM as gjr kabkor tkje filpjrjhco movocipaeb fiuetraos% Gir oxjlpco# tko

^XFs fippor jem jculaeul aetoesaty wjs :%; jem =%: bs por -:#>>> ig rojc BM gir 8>>2>1# filpjrom watkwircm jvorjbos ig >%= jem >%2# rospoftavocy +Bcihjc Ofieilaf ^rispofts D jeujry 8>::4 ?;!% Ae 8>>;# tko ^XFivortii tko IOFM ae lotjc fiesulptaie% Vkjros ae briwtk ihtjaeom gril

kttp4))filloetjryjemjejcysas%laeaeb%fil)8>:>):8)>7)iac,moljem/O8/;>/11s,traulpkjet,roture):2

Gir ovamoefo ig tko strieb pisatavo briwtk cae`s hotwooe tko HXAFs jem Ciw Aefilo Fiuetraos soo ALG

+8>::!%
http://commentaryandanalysis.mining.com/2010/12/06/oil-demand%E2%80%99s-triumphant-return/http://commentaryandanalysis.mining.com/2010/12/06/oil-demand%E2%80%99s-triumphant-return/


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:;

Gaburo :4 Fillima ty ^rafo Aemoxos# 8>>? < :>>

Eitos4 Arie iro4 tko ^XF alpirt Arie Iro Gaeos 78/ GO spit +FGX ]ajedae pirt! _VM)lotraf tie% Fijc4 Justrjcajetkorljc fijc# :8#>>>, htu)piuem# coss tkje :/ sucgur# :=/ jsk# GIH Eowfjstco) irt @olhcj# _V- por lotraf tieeo%Fippor4 brjmo J fjtkimo# CLO spit prafo# FAG Ouripoje pirts# _V- por lotraf tieeo%

Viurfo4 ALG Fillimaty rafo Voraos%

Vorvafos4 Js j rosuct ig alprivoloets ae fillueafjtaies tofkeiciby# tkoro kjs hooe jrjpam oxpjesaie ae sorvafos trjmo tkjt kjs jttrjftom fiesamorjhco jttoetaie jem bavoe raso tijcjrl ae tko _V jhiut tko pitoetajc alpjft ie hitk olpciyloet jem wjbos% ]rjmo watk Aemaj

ae pjrtafucjr kjs hooe tko gifus ig jttoetaie hofjuso at tj`os tko girl hitk ig rocjtavocy ciw,s accom sorvafo jftavataos sufk js husaeoss prifoss iutsiurfaeb aefcumaeb mjtj prifossaeb jemfjcc foetors jem kabk,s accom jftavataos sufk js sigtwjro movociploet% ]koro as ovamoefo#kiwovor# tkjt ivor tko pjst mofjmo tko oggofts ig sorvafos igg,skiraeb kjvo hooe rocjtavocylimost%:;

]ko list filprokoesavo jejcysas ig tkas assuo as Cau jem ]rogcor +8>>;!% ]koy fiesamor hitktko oggofts ig iutsiurfaeb ig trjmom sorvafos hotwooe uejggacajtom huyors ti Aemaj jem tko^XF jem tko sorvafos oxpirts ti tkoso fiuetraos gril tko _V% ]koar rosucts jro sulljrazomhy tko privifjtavo tatco ig tkoar pjpor Lufk Jmi Jhiut Eitkaeb% ]koy fiefcumo4Vaefo tkosljcc oggofts jro profasocy ostaljtom wo fje sjy watkfiegamoefo tkjt ovoe ag sorvafo trjmowatk Ptko ^XF\ jem Aemaj briws jt ats furroet fcap# tko cjhir, ljr ot alpcafjtaies wacc ho

sljcc% +Cau jem ]rogcor 8>>;4 6!Fiefcusaies4 ]ko priig ig tko pummaeb as ae tko ojtaeb# jem jcc ticm bavoe tko stroebtk igmovocipaeb fiuetry briwtk ivor tko pjst mofjmo# jem tko gjft tkjt tko maggafuctaos ae jmvjefomfiuetraos stollom gril tkoar iwe robucjtiry gjacuros# at mios eit jppojr ti ho tko fjso tkjtbriwtk ae tko JFA kjs hooe motraloetjc ti briwtk ae tko rost ig wircm js wkico% Aemoom# ietko fietrjry# tkoro as filpoccaeb ovamoefo tkas briwtk kjs alprivom tko eie,iac torls igtrjmo ig tko movocipom fiuetraos% ]koro jro# kiwovor# twi pitoetajc eobjtavo fkjeeocs

:;_V alpirts ig pravjto sorvafos gril Aemaj kjvo aemoom briwe rjpamcy hotwooe :111 jem 8>>1 jem tko _V trjmo

hjcjefo ae pravjto sorvafos tureom gril j surpcus ig -:%8 haccaie ae 8>>= ti j mogafat ig - =%2 haccaie ae 8>>;% Rkaco

alpirt briwtk kjs hooe rjpam jem tko _V sorvafos mogafat watk Aemaj kjs aefrojsom# filpjrom watk ivorjcc _Valpirts ig biims jem sorvafos ig -8%? traccaie ae 8>>;# jem j trjmo mogafat ig jhiut -2>> haccaie# tkoso eulhorssubbost tkjt tko jttoetaie pjam ti sorvafos trjmo watk Aemaj as wjy iut ig pripirtaie ti tko jttoetaie tkjt kjshooe gifusom ie tkol%


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:1

tkriubk wkafk tkas briwtk ljy kjvo romufom tko wocgjro ig fiuetraos% ]ko garst as tkriubk tkooggofts ie bcihjc prafos gir liro stjemjrmazom ljeugjfturom biims% ]koro as silo ovamoefotkas kjs iffurrom hut at kjs eit hooe cjrbo oeiubk ti stuet briwtk# ovoe gir list ig tkomovocipaeb fiuetraos list jmvorsocy jggoftom% J sofiem prihcol kjs hooe frojtom gir hitkmovocipom jem movocipaeb iac jem giim alpirtaeb ofieilaos% Kiwovor# briwtk ae tkomovocipaeb wircm iutsamo JFA kjs hooe porvjsavo jem strieb% ]kas subbosts tkjt# iejvorjbo# movocipaeb fiuetraos kjvo hoeogattom liro gril tko jhacaty ti pjrtafapjto ae Jsajesuppcy fkjaes# oediy kabk fillimaty prafos# oediy ciwor prafom ae ljeugjfturom biims#jttrjft giroabe aevostloet# tkje tkoy kjvo suggorom gril aefrojsom filpotatavo prossuros aeljeugjfturom biims jem aefrojsom alpirt fists gril kabkor iac prafos%

?% ^XIVÔF]V

Ivor tko eoxt twoety yojrs# JFA wacc iggor tko rost ig tko wircm rjpamcy briwaeb ljr ots% Ag tkofiesoesus pridoftaies jro firroft# tko cjrbo skjro ig aefroloetjc bcihjc moljemroprosoetom hy JFA briwtkjclist 7>/ ae ^^ torls jem jclist =>/ ae eilaejc aefilo

torlswacc sorvo js tko gifjc piaet ig bcihjc briwtk% Aefilo briwtk ae JFA wacc ho mravoe hyj briwaeb eulhor ig lammco fcjss fiesulors watk suhstjetajc jbbrobjto huyaeb piwor jemhy tko aegrjstrufturo eooms roquarom gir briwtk% Hy fietrjst# movocipaeb fiuetry ljr ots waccho briwaeb ovoe liro sciwcy tkje tkoar BM^s% ]ko gifus ig bcihjc filpotataie wacc tkorogiroskagt gril primuftaie ti sorvo fiesulors ae jmvjefom ofieilaos tiwjrms suppcyaeb tkobriwaeb JFA lammco fcjss% Gir movocipom fiuetry oxpirtors tkoro wacc ho alloesoippirtueataos ti suppcy fjpatjc biims# jmvjefom sorvafos# jem sipkastafjtom fiesulor biimsti tkoso ljr ots% ]koro skiucm jcsi ho ippirtueataos gir hitk movocipom jem movocipaebofieily praljry fillimaty primufors% ]ko òy quostaies# tkiubk# rocjto ti filpotatavoalpjfts ig JFA js primufors ig ljeugjfturom biims jem sorvafos%

]jhco ; mavamos tko wircm eilaejc iutput aeti tko skjros privamom hy fiuetraos jt maggoroetcovocs ig por fjpatj aefilo% At skiws kiw ivor tko eoxt twoety yojrs j mrjljtaf mofcaeo as

oxpoftom ti iffur ae tko ciwost quaetaco% Ae eilaejc skjros# tko piirost fiuetraosfietrahutaies wacc mofcaeo gril ;%1/ ti 8%;1/ hotwooe 8>:> jem 8>6># ae ^^ torls gril:;%;/ ti dust ?%7/ +]jhco 1!% ]kas as biim eows gir tkiso piirost fiuetraos tkjt soo tifilpoto ie tko hjsas ig ciw wjbos% Hy fietrjst# tko lammco ig tko rje aebs wacc hofilolufk liro fiebostom% Ratk tko eilaejc skjro rasaeb gril =%8=/ ti 81%?=/# jem tko ^^^skjro gril 6%=2/ ti 62%87/% ]kas kabkcabkts tko fkjccoebos tkjt wacc gjfo fiuetraos soo aebti livo tkriubk wkjt as silotalos èiwe js tko lammco,aefilo trjp%

Bavoe ats cjrbo woabkt# tko ^XFs briwtk as tko list alpirtjet gir bcihjc moljem jemfilpotatavo pjttores% Ivor tko poraim# jffirmaeb ti tko pridoftaies A prosoetom ae Voftaie 8#tko ^XFs por fjpatj aefilo wacc raso gril 86%1/ ig _V covocs ti ?1%2/ ig _V covocs ae 8>6>%Vaefo _V por fjpatj aefilo as jcsi rasaeb# jchoat lufk liro sciwcy +at rojfkos -=6#6>> ae

:11> miccjrs ae 8>6>!# tkas alpcaos tkjt tko ^XF wacc kjvo j por fjpatj aefilo covoc ae 8>6> ig-8?#>>> ae :11> miccjrsj covoc tkjt as salacjr ti tko 8>:> covocs ig movocipom fiuetraossufk js Vwomoe +-8=#;>> ae :11>!# Fjejmj +-8=#1>>!# jem tko Eotkorcjems +-8=#>>>!%

]kus# roljr jhcy# hy furroet stjemjrms# tko XF wiucm kjvo tko por fjpatj aefilo ig j rafkmovocipom ofieily% Ae rocjtavo torls# kiwovor# ats poors ae por fjpatj torls ae 8>6> jrooxpoftom ti ho silowkjt piiror fiuetraos ca o Jrloeaj# _rubujy# Fkaco# jem Atjcy%

Ivor tko twi mofjmos# jssulaeb tkoso pridoftaies jro firroft# tko ^XFs bcihjc rico js jfilpotatir wacc fkjebo% Bavoe ats tofkeiciby covocs# aeatajccy# tko ^XF wacc filpoto kojm,ti,kojm watk ljeugjfturom oxpirtors tkjt ae 8>:> jro ae tko rjebo ig 8>/6>/ ig _V porfjpatj aefilos% ]koso aefcumo fiuetraos sufk js Hrjzac +88/ ig _V por fjpatj aefilo ae8>:>!# Loxafi +:1%?/!# ]uròy +87%7/!# Xussaj +8;%2/!# jem JVOJE ofieilaos sufk js

]kjacjem +81/! jem Ljcjysaj +68%7/!% ]iwjrms tko oem ig tko poraim# kiwovor# tko XF waccfievorbo liro fcisocy ti tko covocs ig Ouripoje fiuetraos sufk js Broofo# îrtubjc# Vpjae#


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8>

Atjcy# ^icjem# jem Fzofk Xopuhcaf jem as watkae stra aeb mastjefo;>/ig tko covocs ig tko_@# Borljey# Grjefo# jem D jpje%

]ko ^XF wacc ho livaeb iut ig tko cjhir,aetoesavo ljeugjfturaeb jftavataos tkjt kjvo sorvomjs tko mravaeb girfo hokaem ats oxpirt porgirljefo ivor tko pjst mofjmo% Aemoom# tkas skagtwacc ho prilitom hy j roiraoetjtaie ig tko ^XF ljr ot gril aevostloet jem oxpirt com

briwtk tiwjrms fiesulptaie com briwtk# kabkor wjbos# jem j rojc jpprofajtaie ig tko ^XFyuje%

]ko rohjcjefaeb ig moljem wacc jggoft tko filpisataie ig ^XF BM^# cojmaeb ti eowippirtueataos jem fkjccoebos gir itkor olorbaeb ofieilaos% Js ^XF fiesulptaie aefrojsosjem ats sjvaeb rjto gjccs# aevostloet oxpoematuro wacc mofcaeo rocjtavo ti fiesulptaieoxpoematuro% ^XF fiesulptaie pjttores jro gjr liro iraoetom tiwjrms jbrafucturjc jem giimprimufts +8:/ ig fiesulptaie! jem sorvafos +76/# aefcumaeb bivoreloet sorvafos! wkorojsaevostloet oxpoematuro as ljmo up promilaejetcy ig fiestruftaie +?6/! jem ljfkaeory jemoquaploet# aefcumaeb ocoftrafjc ljfkaeory +82/!% ]kas skagt wacc tkorogiro romufo tko fjpatjcjem laeorjcs aetoesaty ig ats primuftaie%

Je alpirtjet filpieoet ig tko ^XFs skagt tiwjrms aefrojsaeb milostaf fiesulptaie

aevicvos je olpkjsas ie wjbo briwtk% ^XF wjbos kjvo jcrojmy hooe rasaeb quato rjpamcytko jvorjbo kiurcy wjbo ae ljeugjfturaeb ae _V miccjrs liro tkje miuhcom ae tko giur yojrsgril 8>>7 +gril >%1 miccjrs)kiur ti :%1 miccjrs)kiur! jem ae tko 8>::8>:? gavo,yojr pcjeassuom ae 8>::# gir oxjlpco# at wjs jeeiuefom tkjt laealul wjbos wiucm aefrojso hy :6/jeeujccy% Ae jmmataie ti kabkor wjbos ae torls ig milostaf furroefy# jmmataiejc fkjebos aebcihjc filpotatavoeoss wacc iffur js j rosuct ig furroefy jpprofajtaie%

]kiso giroabe,iweom oxpirtaeb garls tkjt soo` ti roljae ae tko XF wacc kjvo ti rospiem hyaefrojsaeb primuftaie gir tko milostaf ljr ot jem)ir hy upbrjmaeb jem livaeb aeti kabkorueat vjcuo primufts% ]koso movociploets wacc cojm ti tko ^XF livaeb up tko tofkeicibycjmmor tiwjrms tko primuftaie ig liro sipkastafjtom ljeugjfturom primufts# ospofajccylomaul tofkeiciby primufts sufk js jutilihacos jem ljfkaeory% ]kas wacc aefrojso

filpotatavo prossuros ie primufors ae tkoso softirs gril lammco,aefilo movocipaebfiuetraos jem itkor Jsaje ofieilaos +@iroj0 ]japoa#Fkaej0 jem D jpje! js wocc% Ivor talo# atas ca ocy tkjt tko ^XF wacc oetor aeti tko kabkor ueat vjcuo rojcls ig kabk,tofkeiciby primufts#filaeb aeti brojtor filpotataie watk oxpirts gril liro movocipom fiuetraos%

At as pissahco# tkorogiro# tkjt tko gjvirjhco torls,ig,trjmo troems gir movocipom fiuetraosfiucm fkjebo ae tko guturo% Ie tko ieo kjem# tkoro wacc ho miwewjrm prossuros ie tkoaroxpirt prafos% Js at fievorbos liro fcisocy ti movocipom fiuetry por fjpatj covocs# tko lax igbiims jem sorvafos oxpirtom hy tko ^XF fiucm skagt ti liro fcisocy rosolhco tko oxpirts igtimjys aemustrajcazom fiuetraos ae hitk filpisataie jem sipkastafjtaie% Rkaco silo fkjebosig tkas ejturo jro jcrojmy jppjroet# ag tko oxporaoefo as salacjr ti tko ojrcaor fievorboefo igOuripo jem Djpje ti _V por fjpatj aefilo covocs# tko fkjccoebos jro iecy ca ocy ti hobae ti

iffur ie j sazjhco sfjco ae j mofjmo ir liro%Kiwovor# tkas fievorboefo ae aefilo covocs wacc bavo raso ti twi fiuetorvjacaeb girfos% Ietko ieo kjem# at fiucm js Vjluocsie jrbuom romufo tko bjaes gril trjmo hy tko _V jemitkor liro movocipom fiuetraos hy privamaeb liro filpotataie gir tkoar oxpirtors% Ie tkoitkor kjem# fievorboefo fiucm jcsi cojm ti liro aetrj,aemustry trjmo ig tko aem tkjt astypafjc hotwooe ofieilaos jt salacjr aefilo covocs% ]kas wiucm# hy fietrjst# boeorjto lirobjaes gril trjmo gir tko movocipom ofieilaos hy aefrojsaeb primuft vjraoty tkriubkaefrojsom ippirtueataos ti oxpciat ofieilaos ig sfjco% ]ko eot alpjft ig tkoso twi oggoftsfiucm ae praefapco bi ae oatkor maroftaie%

Ie tko itkor kjem# tko fists ig cjhir,aetoesavo alpirts fiucm raso% ]i ho suro# tko ^XFslivoloet up tko tofkeiciby cjmmor wacc frojto eow ippirtueataos gir itkor ofieilaos ti

oetor aeti tko jssolhcy stjbo ig bcihjc suppcy fkjaes% Vilo ig tkoso wacc ho itkor JFAofieilaosAemaj# Aemieosaj# Waot Ejl# jem tko ^kacappaeos hut itkors fiucm ho ciw wjbofiuetraos ae Jgrafj jem Cjtae Jlorafj +Hrijmlje 8>>7!% Aemoom# Aemaj as pridoftom ti jfkaovo


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tko bcihjc rocjtavo por fjpatj pisataie tkjt as timjy iffupaom hy tko ^XF% Ratkae JFA# Aemajspoors ae por fjpatj aefilos jro furroetcy tko ^kacappaeos +1%2/ ig _V covocs!# Waot Ejl+:>%=/!# jem Aemieosaj +:?%?/!% Hy 8>6> ats por,fjpatj aefilo ig as pridoftom ti ho tkooquavjcoet ae 8>:> ig fiuetraos sufk js Ljcjysaj# îcjem# _rubujy# jem tko Fzofk Xopuhcaf#jem ats poors ae 8>6> jro oxpoftom ti ho fiuetraos ca o Aemieosaj# Viutk Jgrafj# ôru# jem

D irmje%

At as jcsi pissahco tkjt tko vory strieb filpcoloetjrataos hotwooe ^XF briwtk jem tkjt igtko rocjtavocy liro jmvjefom Jsaje fiuetraos fiucm ho jttoeujtom js tko ^XF alprivos atsaemaboeius fjpjfaty ti primufo fjpatjc biims# jutis# jem fiesulor murjhcos%

Ivor tko eoxt twi mofjmos# tkorogiro# tko gcyaeb booso pjttore skiucm ho sustjaeom# jctkiubksilo ig tko booso fiucm ho ivortjòe hy itkors% Ag jcc bios wocc# Jsaje EAOs sufk jsVaebjpiro0 @iroj0 ]japoa#Fkaej0 jem Kieb @ieb# Fkaej wacc iffupy tko rje s ig tko listmovocipom ofieilaos# ivortj aeb tko girlor cojmaeb Jsaje biiso# D jpje%

:1

A skiucm olpkjsazo tkjt tkoso briwtk pridoftaies alpcafatcy jssulo tkjt fiuetraos wacc ho jhcoti ljò tko eofossjry trjesataies ti jsfoem ti kabkor ruebs ig ofieilaf movociploet% Aepjrtafucjr# tko fkjccoebo gir tko ^XF js je oxpirtor wacc ho ti ropcjfo ats kabkcy cjhir,aetoesavo jssolhcy oxpirts watk tko liro sipkastafjtom ljeugjfturaeb jftavataos% Ae jmmataie#gir tko kabk,oem Jsaje fiuetraos tko fkjccoebo wacc ho ti skagt gril briwtk tkriubk primufaeboxpirts gir tko aemustrajc ofieily ljr ots# tiwjrms briwtk iraoetom tiwjrms lootaeb JFAmoljem%

]ko ^XF# aeture# fiucm ivortjò twi JVOJE ofieilaos# ]kjacjem jem Ljcjysaj# jem rjpamcy fievorbotiwjrms movocipom ofieily stjtus% Lojewkaco# tko spjfo at vjfjtos wacc ho iffupaom hyWaot Ejl# Aemieosaj# jem Aemaj# watk tko ^kacappaeos hraebaeb up tko rojr%

Fillimataos4 ]ko eot alpjft ig ^XF briwtk ie fillimaty moljem wacc mopoem ie twiiggsottaeb movociploets% Ie tko ieo kjem# rjpam aefilo briwtk skiucm hiist moljem hut#ie tko itkor# tko fkjebo ae tko filpisataie ig tko briwtk fiucm romufo ats fillimatyaetoesaty% ]koso toesaies wacc ho goct list striebcy watk rospoft ti tko moljem gir laeorjcs#

wkorojs tko briwtk oggofts wacc milaejto ae tko fjso ig giim jem guocs% Hut guturo troems aefillimaty prafos wacc eit iecy ho aegcuoefom hy tko ^XF% Ie tko moljem samo# fietaeuomkabk ofieilaf briwtk tibotkor watk aefrojsom ae pipucjtaie sazo# urhjeazjtaie# jemaemustrajcazjtaie ae olorbaeb ofieilaos as oxpoftom ti sustjae briwtk ae tko moljem girfillimataos% Ae Aemaj# tko moljem gir aegrjstrufturo wacc fietaeuo ti ho strieb gir tkogirosoojhco guturo# bavoe tko rocjtavocy ciw furroet moesaty ig jutilihaco iweorskap# jem tkoca ocy aefrojso ae tko moljems gir jutilihacos jem rijms% Vuppcy fiestrjaets wacc fietrahutotiwjrms sustjaeom prafo prossuro ae hitk jbrafucturo jem laeorjcs% Gir list fillimataos#tko praljry rosorvos jro eit cifjtom ae tko sjlo pcjfos tkjt boeorjto list ig tko moljem%Jmmataiejccy# ljey èiwe rosorvos scjtom gir guturo oxpcirjtaie jro cifjtom ae movocipaebrobaies wkoro tko picatafjc fcaljto ljy ho uestjhco jem j cjf ig aegrjstrufturo ljy pisofkjccoebos gir oxtrjftaie# prifossaeb# jem trjespirtjtaie%

Jcc ticm# kiwovor# strieb fillimaty moljems wacc oefiurjbo giroabe aevostloet ae laeaebjem laeorjcs jem tko eofossjry filpcoloetjry aegrjstrufturo% ]kus# Jgrafje jem CjtaeJlorafje fiuetraos kjvo ippirtueataos ti uso tkoar covorjbo ti aefrojsaebcy pjrtafapjto aeliro vjcuo,jmmataie ti rosiurfos% Aefrojsom moljem gir giim primufts privamosippirtueataos gir oekjefom jbrafucturjc primuftaie jem oxpirts gril Jgrafje jbrafucturjcprimufors% ]kas ae ture fiucm hraeb alprivoloets ti rurjc jrojs jem rjasos rurjc purfkjsaebpiwor%

:1Jlieb itkor JVOJE ofieilaos# hy 8>6># Vaebjpiro dust ivortjòs tko _V por fjpatj aefilo% Rkorojs

D jpje as oxpoftom ti roljae jt 2>/ ig tko _V covoc# itkor EAOs sufk js @iroj +12%;/ ig _V covocs ae 8>6>! jem]japoa#Fkaej +11%;/! jro jcsi oxpoftom ti jpprijfk tko _V# wkaco Kieb @ieb# Fkaej as oxpoftom ti ho gjr rafkortkje tko _V +:6;/!%


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Rkjt as eitowirtky# tkorogiro# as tkjt wkaco JFA briwtk wacc hraeb filpotatavo fkjccoebos titko rafkor movocipaeb jem movocipom fiuetraos# at skiucm frojto je ospofajccy gjvirjhcooevarieloet gir tko piiror fiuetraos tkjt primufo praljry fillimataos jem kjvo tkopitoetajc ti hofilo oxpirtors ig ljeugjfturom primufts% ]ko fietrjstaeb alpcafjtaies girlammco,aefilo jem ciw,aefilo fiuetraos jro fjpturom hy tko fkjebos ae tko skjros igbcihjc BM roprosoetom hy maggoroet covocs ig BM por,fjpatj% Js skiwe ae ]jhco 1# tko eoxttwoety yojrs jro oxpoftom ti soo j roljr jhco skagt jem hy tko oem ig tko poraim vory cattco igtko wircm ofieily wacc iffupy tko ciwost rueb% ]kas frojtos ippirtueataos jem rocaovos tkofilpotatavo prossuros gir tkiso tkjt roljae% Hy fietrjst# tko cjrbost skjro ig tko wircm waccho iffupyaeb tko lammco ruebsilotkaeb tkjt kjs eit iffurrom saefo tko Vofiem RircmRjr% ]wi tkarms ig tkjt lammco as roprosoetom hy tko ^XF# hut ae jmmataie itkor fiuetraosaefcumo Atjcy# îcjem# Fzofk Xopuhcaf# Vpjae# îrtubjc# Broofo# ]kjacjem# Jrboetaej# jemLjcjysaj% ]koso jro tko fiuetraos ae wkafk kojm,ti,kojm filpotataie watk tko ^XF as ca ocyti ho list aetoeso%

Vorvafos trjmo4 A kjvo eitom tkjt# wkaco tkoy kjvo briwe rjpamcy# aetorejtaiejc sorvafostrjmo muo ti igg,skiraeb roljaes j rocjtavocy limost skjro ig _V BM % Jcje Hcaemor +8>>7!+soo jcsi Hkjbwjta jem Hcaemor 8>>1! kjs jrbuom# kiwovor# tkjt tko alpjfts ig sorvafos igg,

skiraeb ie tko _V +jem hy alpcafjtaie itkor movocipom ofieilaos! fiucm ho vory cjrbo% Koostaljtos tkjt 8:%7/ ig dihshotwooe 6> jem => laccaiefiucm pitoetajccy ho igg,skirom%Hcaemor jfèiwcombos tkjt tkoro as ei prosulptaie tkjt jcc tkoso dihs wacc ho cist# hut kohocaovos tkjt ljey wacc ho% Boeorjccy tkas movociploet wacc hoeogat tko _V js j ljdir eotoxpirtor ig kabk,oem sorvafos% Ovoe ag jcc tko dihs ostaljtom hy Hcaemor +8>>1! js pitoetajccyigg,skirjhco woro ae gjft ti ho igg,skirom# tko jmdustloet as ca ocy ti tjò pcjfo ivor sovorjcmofjmos# jem roprosoet silotkaeb ae tko irmor ig :/ ig olpciyloet por yojr% ]i ho suro#

dih ciss fiucm ho pjrtafucjrcy pjaeguc jem fistcy ag igg,skiraeb roquaros poipco ti fkjeboiffupjtaies rjtkor tkje dust fkjebo dihs% Hut ovoe je uppor ostaljto ig tko roquaromjmdustloet sools watkae tko sfipo ig tko _V ofieily# privamom tkjt at iffurs rocjtavocysciwcy%

J ljdir quostaie tkiubk as# js ae tko fjso ig ljeugjfturom biims# wkotkor tiwjrms tko oemig tko poraim Aemaj fiucm olorbo js filpotatir gir tko _V jem itkor movocipom ofieilaos aesorvafos% D umbom hy ats por,fjpatj aefilos# tko jeswor wiucm ho ei# hut tko jvorjbo fiucmho ospofajccy lascojmaeb bavoe tko prosoefo ig j eulhor ig kabkcy,s accom jem trjaeomoebaeoors tkjt as tii sljcc ti alpjft tko jvorjbo# hut cjrbo oeiubk ti movocip j suhstjetajcoxpirtaeb hjso% Xjtkor tkje tko gucc rjebo ig _V sorvafos# tkoso filpotatavo fkjccoebos jrolist ca ocy ti iffur ae aegirljtaie tofkeiciby# ospofajccy sigtwjro# lomafjc sorvafos# jemlitaie pafturos%

Fiefcusaies4 Gir ojfk aefilo briup ae tko rost ig tko wircm# tkorogiro# JFA briwtkprivamos ippirtueataos jem fkjccoebos% Gir movocipom fiuetraos tko ippirtueataos jro girsoccaeb kabk,oem sorvafos jem fjpatjc jem fiesulor biims ae tko JFA ljr ots jem oediyaeb

tko hoeogats gril aetrj,aemustry trjmo0 tko fkjccoebos wacc filo gril aefrojsom filpotataie aeljeugjfturom biims jem sorvafos tkjt skiucm hofilo liro aetoeso tiwjrm tko oem ig tkoporaim% Gir lomaul,aefilo primufors furroetcy jt hotwooe 8>/ jem 7>/ ig _V covocs#tkoro wacc ho j tiubkor trjmoigg hotwooe liro aetoesavo kojm,ti,kojm filpotataie watk tko^XF jem sorvaeb tko briwaeb lammco fcjssos ae JFA ofieilaos% Gir piiror ofieilaos#tkoro wacc brojtor ippirtueataos ti hofilo pjrt ig bcihjc suppcy fkjaes ae ljeugjfturomoxpirts jem ti suppcy praljry fillimataos% Gaejccy# strieb fillimaty ljr ots fiucm kjvojmvorso oggofts ie eot alpirtors%

Xas`s4 A skiucm oem tkas softaie watk j vory strieb eito ig fjutaie% A kjvo masfussom tkosopridoftaies js ag tkoy jro fortjae hut tkoy jro uemiuhtomcy wrieb ae ljey rospofts% A kjvoiecy ti rofjcc kiw lastjòe oxpoftjtaies woro ae 8>>># gir oxjlpco# wkoe at wjsfievoetaiejc wasmil ti jssulo tkjt +j! tko bcihjc systol wjs aekoroetcy aekispatjhco tieie,Jsaje movocipaeb fiuetraos0 +h! ueca o Jsaj tko _V kjm j strieb gaejefajc systol0 jem+f! tko wircm kjm livom aeti j eow ofieily mravoe hy aegirljtaie tofkeiciby jem sorvafos


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jem tkorogiro tko prispofts gir praljry fillimataos woro hcoj % Ca owaso ae tko cjto :1;>s#at wjs wamocy jssulom tkjt D jpje wiucm aeovatjhcy ivortj`o tko _V ae por fjpatj aefilo%

Cjrbo uefortjaetaos jhiut tko guturo roljae% A fje loetaie j gow dust ti uemorsfiro kiwgrjbaco tkoso pridoftaies labkt ho% ]ko list soraius fkjccoebos ti tkoso girofjsts fiucmiffur ag tko ^XFs briwtk pjtk as masruptom% Vkagtaeb gril oxpirt, ti milostaf,com briwtk

fiucm privo ti ho maggafuct% ]ko ^XFs briwtk kjs rostom ie ljssavo aevostloets ae aemustrajcfjpjfaty tkjt kjvo hooe pjrtajccy suhsamazom tkriubk ciw aetorost rjtos% J skagt ae atsiraoetjtaie fiucm cojm ti ivorfjpjfaty jem moht sorvafos prihcols gir tko softirs tkjthoeogatom gril tko ojrcaor pjttore% _emor tkoso farfulstjefos# ats briwtk fiucm sciw watkpiworguc alpcafjtaies gir bcihjc fillimaty ljr ots% J sofiem assuo rocjtos ti tko stjhacaty igtko ^XFs picatafjc jrrjeboloets% J tkarm rocjtos ti tko fkjccoebos ig lj aeb tko trjesataiegril jssolhcaeb filpieoets irabaejtaeb ocsowkoro jem spofajcazaeb ae ciw,oem primufts#tiwjrms privamaeb aefrojsaeb skjro ig vjcuo jmmom milostafjccy jem oxpirtaeb lirosipkastafjtom primufts% Rkaco Aemaj jcsi sools piasom gir briwtk# ats prihcols ae lootaeb atsaegrjstrufturo eooms# jem ae bivorejefo jlieb itkors# fiucm jcsi privo liro soraius tkjeas alpcafatcy jssulom%

J sofiem mjebor stols gril maggafuctaos ae sustjaeaeb ovoe tko sciw movocipom fiuetrybriwtk A kjvo pridoftom% ]kas tii fiucm kjvo eobjtavo alpcafjtaies gir praljry fillimatyprimufors% Gir D jpje# tko fkjccoebo ig rofivoraeb gril j twi mofjmo sculp as girlamjhco% Aetko _V# roabeataeb jem sustjaeaeb briwtk ae tko gjfo ig briwaeb humbotjry prossuros fiucmjcsi privo maggafuct% Xofoet picafaos jem rospiesos ti tko gaejefajc frasas kjvo gifusom iemojcaeb tko moljem,iraoetjtom roporfussaies ig tko frasas% Ae tko ciebor,torl# strufturjcfkjebos wacc ho roquarom% Gir oxjlpco# furroet gasfjc oxpoematuro fjeeit ho sustjaeomwatkiut rueeaeb aeti soraius moht sustjaejhacaty assuos%

J tkarm mjebor as tko stjhacaty ig tko bcihjc gaejefajc systol% ]ko bcihjc gaejefajc systol kjsstjhacazom hut roljaes grjbaco# pjrtafucjrcy ae Ouripo wkoro tko Viutkore +Broofo# Vpjae! jemOjstore Ouripoje ofieilaos gjfo kabk sivoroabe moht covocs% Xogirl ig tko gaejefajc softiras eit yot filpcoto jem tkoro as j ras tkjt tko ras`y hokjvair fiucm jbjae privo masruptavo%+Rircm Hje Bcihjc Ofieilaf rispofts 8>::!%

]koro jro ileaprosoet mjebors ae iac ljr ots% Kabk iac prafos# wkafk bavo raso ti vaicoetswaebs ae oxpoematuro pjttores# profomom tko bcihjc rofossaies ig :12= jem :1;># tko _Vrofossaie ae :11:# jem tko bcihjc gaejefajc frasas ae 8>>;>1% ^icatafjc masturhjefos ae ljdirJrjh suppcaors fiucm ho kabkcy masruptavo%

Gaejccy# ivor tko pjst mofjmo# tko jmmaeb up prihcol fcojrcy mam eit provoet movocipaebofieilaos gril briwaeb rjpamcy tibotkor watk JFA% Hut tkoro fiucm ho maggafuctaos gir tkoljey ofieilaos tkjt lust saluctjeoiuscy iffupy tko lammco ruebs ig tko bcihjc ofieilywatk tko ^XF# jem gir tkiso dust jkojm ig at tkjt lust lj o wjy jem skagt ti primufaeb lirojmvjefom biims jem sorvafos%


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7% ]XJMO JEM RJBOV

Rkaco alprivoloets ae tko Movocipom Fiuetry torls ig trjmo gril trjmo watk movocipaebofieilaos jro biim gir ejtaiejc wocgjro# tkoy ljy eovortkocoss ho jssifajtom watk rasaeb

wjbo aeoqujcaty watkae tko movocipom ofieilaos% Irtkimix trjmo tkoiry# wkafk cae`s tkoKof`sfkor,Ikcae tkoiry jem tko Vticpor,Vjluocsie tkoirol +j filhaejtaie A cjhoc KIVV!#kabkcabkts j `oy rico gir fkjebos ae tko rocjtavo prafos ig s accom, jem ues accom,cjhir aetoesavotrjmom biims ae rocjtavo wjbo motorlaejtaie watkae aemustraos% Fkojpor oxpirts primufom hymovocipaeb fiuetraos fiucm# jffirmaeb ti tkas tkoiry# fjuso aeoqujcaty jcieb tko caeos ig s accsae tko _V jem itkor movocipom ofieilaos%

]ko tkoiry jcsi kjs alpcafjtaies gir wjbo aeoqujcaty ae itkor pjrts ig tko movocipaeb wircm% Agtkoro woro iecy twi ofieilaos# jem twi gjftirs# s accom jem ues accom cjhir# wjbos ae tkomovocipaeb ofieily wiucm hofilo liro oqujc js j rosuct ig cahorjcazjtaie% Xomufaeb tjragghjrraors ae movocipaeb ofieilaos as jssulom ti romufo tko rocjtavo milostaf prafo ig s acc,aetoesavo primufts jem tko rosuct skiucm ho j mofcaeo ae tko s acc prolaul jem liro oqujc

wjbos% Ie tko itkor kjem# ag tkoro jro ljey movocipaeb ofieilaos# jem cahorjcazjtaie tj`ospcjfo ae iecy ieo cjrbo movocipaeb ofieily# dust JFA gir oxjlpco# wjbos tkoro wiucmhofilo liro oqujc# hut saefo tko wircm prafo ig ues accom cjhir aetoesavo primufts wiucmjcsi gjcc js tko cahorjcazaeb ofieily suppcaos liro ig ats oxpirts ti pjy gir ats jmmataiejcalpirts# wjbo aeoqujcaty fiucm jcsi raso ae itkor movocipaeb ofieilaos%

A skiucm eito tkjt ti cae fkjebos ae jcc rocjtavo trjmom biims prafos maroftcy watk fkjebos aerocjtavo wjbos roquaros tkjt fciso suhstatutos gir alpirts jro primufom milostafjccy% Agalpirtom jem milostaf primufts jro alporgoft suhstatutos# jem)ir ofieilaos jro guccyspofajcazom# tko trjeslassaie prifoss fiucm ho jttoeujtom% Ae gjft# ag tkoy mi eit filpotomaroftcy ae lj aeb primufts salacjr ti alpirts# ciwor prafom alpirts gril movocipaebofieilaos fiucm jftujccy rjaso tko rojc wjbos ig hitk liro jem coss s accom _V wir ors hyaefrojsaeb tkoar purfkjsaeb piwor%

At as eit surprasaeb# bavoe tko oxpcjejtiry piwor ig tko fievoetaiejc tkoiry# tkjt at kjs sorvomjs tko hjsas ig ljey stumaos ig tko oggofts ig trjmo jem rocjtavo wjbos% Ae tko :1;>s# giroxjlpco# wjbo aeoqujcaty wjs j ljdir fietrahutir ti aefrojsom aefilo aeoqujcaty ae tko _V%

]ko ojreaebs ig wir ors watk s accs hy jcc lojsuros +omufjtaie# iffupjtaie# oxporaoefo!iutpjfom tkiso watk coss s acc hy jcc ig tkoso fratoraj% Vaefo tkas aeoqujcaty iffurrom jt tkosjlo talo js tko _V ofieily wjs hofilaeb liro ipoe# ospofajccy watk rospoft ti trjmowatk movocipaeb ofieilaos# ospofajccy tko JFA ofieilaos# at wjs quato ejturjc tkjtrosojrfkors fiesamorom wkotkor trjmo fiucm privamo tko oxpcjejtaie% Kiwovor# tko rosucts igtkoso stumaos woro gjarcy laxom% Raccajl Fcaeo +:1124 :==! ae kas filprokoesavo survoyjrbuom tkjt j rojsiejhco ostaljto hjsom ie tko catorjturo wiucm ho tkjt aetorejtaiejcaegcuoefos fietrahutom jhiut 8>/ Patjcafs jmmom\ ig tko rasaeb wjbo aeoqujcaty ae tko :1;>s%

Eihoc cjurojto ^juc @rublje +:11?! wjs ieo ig tkiso wki kjm jrbuom tkjt trjmo gciwsworo tii sljcc ti kjvo lufk ig je alpjft ie wjbo aeoqujcaty ae movocipom ofieilaos% Hutko kjm jcsi hooe vifjc +@rublje 8>>>! ae lj aeb tko piaet tkjt tko viculo ig trjmo wjs jealpirtjet fcuo ti tko sazo ig ats pitoetajc oggofts ie rocjtavo wjbos% Ae 8>>2 @rublje eitomtkjt tkjt jgtor j mofjmo ig vory rjpam briwtk# tko vjcuo ig _V ljeugjfturom alpirts grilmovocipaeb ofieilaos js j wkico oxfoomom tkjt ig salacjr alpirts gril movocipomofieilaos% Ko jcsi piaetom iut tkjt vory ciw wjbo fiuetraos sufk js tko ^XF ljmo up jbrojtor skjro ig tkoso alpirts% Jffirmaebcy# @rublje subbostom tkjt trjmo kjm rojfkom tkosfjco jt wkafk tko jmvorso fiesoquoefos gir tko wjbos ig rocjtavocy coss,s accom _V wir orsfiucm ho suhstjetajc%8>

8>

Gir je oxtoesavo jejcysas ig tkoso jrbuloets soo Cjwroefo +8>>;! jem Fcaeo +:112!%

Ae sovorjc eowspjpor ficules ko fiedofturom tkjt ag tko ojrcaorstumaos woro upmjtom# lufk cjrbor oggofts wiucm ho giuem% Kiwovor# mospato rjasaeb tkoso

fiefores# @rublje kalsocg writo j pjpor +@rublje 8>>;! ae wkafk ko wjs uejhco ti


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association of southeast asian nations, people's republic of china, and india growth and the rest of...

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