Mr Wolf was joint winner of the Wincott Foundation senior prize for excellence in financial journalism for 1989 and again for 1997. He is one of only two British journalists to have won this prize twice since its establishment in 1970. He also won the RTZ David Watt memorial prize for 1994. This prize is granted annually "to a writer judged to have made an outstanding contribution in the English language towards the clarification of national, international and political issues and the promotion of their greater understanding". The prize-winning article celebrated the 50th anniversary of the Bretton Woods conference. At the 2003 Business Journalist of the Year Awards, he won the Decade of Excellence Award. In 1971, Mr Wolf joined the World Bank as a Young Professional. He was Senior Economist in the India Division between 1974 and 1977 and a member of the core team for the first World Development Report in 1977-78. Between 1979 and 1981, he was a Senior Economist in the World Bank's Division for International Trade. In 1981 Mr Wolf joined the Trade Policy Research Centre, London, as Director of Studies. In 1987 he joined The Financial Times as Chief Economics Leader Writer. He was promoted Associate Editor in 1990 and Chief Economics Commentator in 1996. In this position, he writes a weekly column on the world economy and a fortnightly column on the UK. Mr Wolf was a member of the Council of the Royal Economic Society between 1991 and 1996, of the National Consumer Council between 1967 and 1973, and of the Awards Committee of the American Express Bank Review essay competition in memory of Robert Marjolin in 1994. Mr Wolf served as adviser and rapporteur to the Eminent Persons Group on World Trade in 1990 and was principal author of its report, "Meeting the World Trade Deadline: Path to a Successful Uruguay Round". He was awarded the New Zealand 1990 Commemoration Medal for his work for the Group. On April 25 2001, Mr Wolf delivered the invited Orwell Lecture on "Nation, State and Globalisation", at Birkbeck College, London University.
Mr Wolf is also a member of the Advisory Board on European Economic Integration at the Faculty of Economics at Erasmus University, Rotterdam. He has been a Forum Fellow at the annual meeting of the World Economic Forum, in Davos, since 1999.