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Considering the 1986 Declaration on the Right to Development as a dynamic, living instrument of enduring value in addressing current and emerging challenges central to development, this chapter focuses on the conceptual bases and the legal framework of the right to development. As components and dimensions of the right to development, it embraces social justice; participation, accountability and transparency; and international cooperation. It concludes by analyzing the contemporary challenges and perspectives of the implementation of the right to development, inspired by the human rights-based approach to development and by a development approach to human rights.