A/HRC/27/27 (c) Participation: the Declaration calls for the “active, free and meaningful participation” of people in development; (d) Equity: the Declaration underlines the need for “the fair distribution of the benefits” of development; (e) Non-discrimination: the Declaration permits no “distinction as to race, sex, language or religion”; (f) Self-determination: the Declaration integrates self-determination, including full sovereignty over natural resources, as a constituent element of the right to development. 17. Equally explicit are the prescriptions provided by the Declaration for the implementation of this right, inter alia: (a) policies; The formulation of appropriate national and international development (b) Effective international cooperation; (c) Reforms at the national and international levels; (d) Removal of obstacles to development, inter alia, human rights violations, racism, colonialism, occupation and aggression; (e) The promotion of peace and disarmament, and the redirecting of savings generated therefrom to development. 18. The book and related publicity materials (including an introductory pamphlet in all official languages of the United Nations) were disseminated and distributed to a broad range of stakeholders. The publication was launched at events on the theme “Realizing a vision for transformative development”, which brought together eminent experts, contributing authors, delegations, United Nations agencies, academia, activists, civil society organizations and university students to engage in interactive exchanges, which reinforced the call to revitalize this right in development and governance at all levels.2 B. Human rights and the financial crisis 19. In recognition of the devastating impact of the financial and economic crises on human rights worldwide and in an effort to promote awareness of the human rights implications of financial regulation, OHCHR organized two expert meetings on the human rights impact of austerity measures: “Rights in crisis: an expert meeting on rights-based approaches to financial regulation, macroeconomic policies and economic recovery”, in April 2013; and “Human rights and the financial crisis in focus: an expert meeting on promoting a rights-based approach to financial regulation and economic recovery”, in July 2013. The damage caused by the economic and financial crisis and some of the measures taken to respond to it worldwide point to structural and systemic failures in the predominant development model.3 2 3 6 See alsowww.ohchr.org/EN/Issues/Development/Pages/RealizingaVisionforTransformativeDevelopment. aspx. See alsowww.ohchr.org/EN/Issues/Development/Pages/PromotingHRbasedfinancialregulationmacroecon omicpolicies.aspx.