The Right to Development
as Normative Framework for the Human Rights Obligations of International Financial Institutions
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The right to development emerged in the 1970s as part of the struggle of developing countries for a new international economic order. This move culminated in the formal recognition of the existence of a human right to development through the UN Declaration on the Right to Development in 1986. Since then, efforts to implement the right to development could not achieve the desired result due to the high politicization of the subject. Academic literature on the right to development has also focused on the conceptual underpinnings of the subject rather than on giving operational substance to the p...
The right to development emerged in the 1970s as part of the struggle of developing countries for a new international economic order. This move culminated in the formal recognition of the existence of a human right to development through the UN Declaration on the Right to Development in 1986. Since then, efforts to implement the right to development could not achieve the desired result due to the high politicization of the subject. Academic literature on the right to development has also focused on the conceptual underpinnings of the subject rather than on giving operational substance to the principles of the RTD. This book analyzes the human rights obligations of International Financial Institutions through a right to development paradigm. In doing so it argues that both Customary International Law and the various human rights treaties impose a legal duty on International Financial Institutions to respect the human right to development.
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