Urban Studies and Public Administration Vol. 3, No. 2, 2020 www.scholink.org/ojs/index.php/uspa ISSN 2576-1986 (Print) ISSN 2576-1994 (Online) 1 Original Paper State Tools for Adapting to an Ever-Changing Global Environment. The Case of Hungary Péter Novoszáth 1* 1 Department of Public Finance, National University of Public Service, Budapest, Hungary * Péter Novoszáth, Department of Public Finance, National University of Public Service, Budapest, Hungary Received: March 7, 2020 Accepted: March 21, 2020 Online Published: March 31, 2020 doi:10.22158/uspa.v3n2p1 URL: http://dx.doi.org/10.22158/uspa.v3n2p1 Abstract In the present study I show the significant changes in Hungary’s global adaptation, focusing on the state’s instruments targeted at establishing Hungary’s macroeconomic stability and at increasing the national-economic and regional competitiveness of multinational corporations. The principal achievement of the new Hungarian economic policy is that from one of the countries in European Union’s that was the most vulnerable to the interests of multinational companies, it became a nation that even the largest corporations consider to be a partner, and a country in which it is profitable to invest. The agreements made with the largest corporations are signed on a win-win basis after thorough preparations, thus in today’s developments not only the interests of multinational companies are represented, as they were before. Keywords economic risk of countries, macroeconomic stability, integration of multinational corporations, national-economic and regional competitiveness, vulnerability of countries 1. Introduction One of the most important challenges of economic policy theories—after identifying and acknowledging the possibility of market failures and government failures—is to facilitate the formulation of such economic policy practices that enable the avoiding of negative consequences originating from market failures as well as government failures (Furton & Martin, 2019). The other important challenge facing theoretical experts is to provide effective instruments and possible countermeasures to national governments so they can solve the problems caused by the latest trends of globalization, particularly by global value chains, in an environment where the decision making