Martin Wolf Early life Wolf was

Martin Wolf

Early life • Wolf was born in London, 1946. His father Edmund was an Austrian Jewish playwright who escaped from Vienna to England before. World War II. In London, Edmund met Wolf's mother, a Dutch Jew who had lost nearly thirty close relatives in the Holocaust. Wolf recalls that his background left him wary of political extremes and encouraged his interest in economics, as he felt economic policy mistakes were one of the root causes of WWII.

Career • In 1971, Wolf joined the World Bank's young professionals programme, becoming a senior economist in 1974. By the start of the eighties, Wolf was deeply disillusioned with the Bank's policies undertaken under the direction of Robert Mc. Namara - the Bank had been strongly pushing for increased capital flows to developing countries, which had resulted in many of them suffering debt crises by the early 1980 s. Seeing the results of misjudged intervention by global authorities and also influenced from the early 1970 s by various works critical of government intervention, such as Friedrich Hayek's The Road to Serfdom, Wolf shifted his views towards the right and the free market. Wolf left the World Bank in 1981, to become Director of Studies at the Trade Policy Research Centre, in London. He joined the Financial Times in 1987, where he has been associate editor since 1990 and chief economics commentator since 1996. Up until the late 2000 s, Wolf was an influential advocate of globalization and the free market. •

Awards and recognition • Wolf was joint winner of the Wincott Foundation senior prize for excellence in financial journalism in both 1989 and 1997. He won the RTZ David Watt memorial prize in 1994. In 2000. Wolf was awarded the CBE (Commander of the British Empire). He was awarded the honorary degree of Doctor of Letters, honoris causa, by the University of Nottingham in 2006, and was made Doctor of Science (Economics) of University of London, honoris causa, by the London School of Economics in the same year.

• The chief economic observer of the Financial Times newspaper Martin Wolf considers that "in Russia there shouldn't be a crisis" at all, extended recently from the USA worldwide. About it the British journalist who is considered almost as the most known and influential commentator on financial and economic questions in the world Englishspeaking press, declared at a seminar in the research organization New America Foundation in Washington, transfers ITAR-TASS.