Andrei Alexandru Babadac

At the invitation of the  International Training Centre of the International Labour Organization (ITC-ILO) , I recently had the privilege of participating in an online course focused on  responsible business conduct (RBC)  and its crucial role in promoting  sustainable and just transitions . As this was my second time engaging with ITC-ILO, the experience again proved invaluable, enriching my work as an  Investment Adviser  at the  Romanian Agency for Investment and Foreign Trade , and in my role with Romania’s  National Contact Point (NCP) for Responsible Business Conduct . The course offered timely insights into how  multinational enterprises (MNEs)  can align their operations with international standards on  labor rights ,  environmental sustainability , and  social justice —all foundational to achieving a  just transition . In today’s global economy, sustainability is no longer a peripheral concern; it is central ...

The escalating conflict between Israel and Hamas has seized international attention, prompting concerns about its profound implications for the global economy. The data presented in this conversation paints a stark picture, emphasizing the immediate human tragedy and the intricate nexus of economic, geopolitical, and social challenges it poses.As tensions rise in the Middle East, the specter of the conflict spreading beyond Gaza and Israel looms large. Historically, conflicts in the Middle East have sent shockwaves through the global economic landscape, affecting energy supplies, shipping routes, inflation rates, and economic growth. The potential for this conflict to entangle neighboring nations raises alarms about the destabilizing effects it could have on regional stability and, consequently, major global powers. Historically, conflicts in the Middle East have had profound implications for the global economy. The region is a vital supplier of energy, particularly oil, and a crucial ...