The goal of this work is to give a precise numerical description of the K¨hler cone of a compact K¨hler manifold. Our main result states that the a a K¨hler cone depends only on the intersection form of the cohomology ring, the a Hodge structure and the homology classes of analytic cycles: if X is a compact K¨hler manifold, the K¨hler cone K of X is one of the connected components of a a the set P of real (1, 1)-cohomology classes {α} which are numerically positive on analytic cycles, . Y αp 0 for every irreducible analytic.