The Institute of World Economics, Centre for Economic and Regional Studies was established in its current form on 1 January 2012 based. It is based on the World Economic Institute, established in 1973. The researchers of the Institute have been assessing the Hungarian economy in relation to external economic processes. The objective of research conducted is to identify mechanisms shaping the world economy through comparative analyses as well as exploring the successful and ineffective responses of various countries to international forces. With this, we contribute to the scientific analysis of the Hungarian economy’s development and agency in the international scene.