SOAS University of London

Department of Economics

Dr Dic Lo

BSc (Econ) (Chinese, Hong Kong), MA (E. Anglia), PhD (Leeds)
  • Teaching
  • Research
  • Expertise
  • Publications


Dic Lo
Department of Economics

Reader in Economics

SOAS China Institute

Academic Staff, SOAS China Institute

Industrial Development and Policy

Research Cluster Member

Dr Dic Lo
Email address:
+44 (0)20 7898 4532
SOAS University of London
Thornhaugh Street, Russell Square, London WC1H 0XG
Russell Square: College Buildings
Office No:
Academic Support Hours:
On Sabbatical:
On research leave in Term 1, 2021-22


Modules Taught
PhD Students supervised
  • Di Fang, China as a late developer: its systematic change in the global context of the long cycles of capitalism
  • Feifei Dai, Haigui and Local Entrepreneurs: Do study abroad experiences lead a better perform of Haigui?
  • HuangNan Shen , The Dynamics Of Reforms Of Large State-Owned Enterprises In China-A Theoretical And Political Economy Analysis
  • Liv Bjornestad, (Working Title) Institutional Evolution under Systems Transformation: The Case of the Chinese Rural Industrial Sector
  • Longcan Zou, Understanding the Belt and Road Initiative and China's New Normal (working title)
  • Weiwei Chen, The Dynamics of Chinese Private OFDI in Ethiopia: A Comparison of Light Manufacturing Industry and Construction Materials Industry
  • Xinwen Zhang, Industrialization and Urban-rural Divide in China (Working Title)


China and globalisation; industrialisation; Soviet-type economic system and transformation; East Asian economic institutions and development; comparative political economy. China.


For help in contacting SOAS academics and advice on services to business and the community, please contact SOAS Enterprise on +44(0)20 7898 4837 or email
For all press and media enquiries please call +44 (0)20 7898 4135 or email

Available for
  • Briefings
  • Special Study Programmes
  • Short Term Consultancy
  • Long Term Consultancy
Regional Expertise
  • East Asia
Country Expertise
  • China
  • Hong Kong
  • Macau
  • Taiwan
  • Chinese Cantonese
  • Chinese Mandarin
  • Chinese Teochew
  • English


Authored Books

Lo, Dic (2012) Alternatives to Neoliberal Globalization: Studies in the Political Economy of Institutions and Late Development. Basingstoke: Palgrave Macmillan.

Lo, Dic (2001) 变革性经济增长 : 中国经济的结构与制度分析 = China’s Transformational Growth: A Structural-Institutional Analysis. Beijing: Economic Science Press.

Lo, Dic (1997) Market and Institutional Regulation in Chinese Industrialisation, 1978-1994. London: Macmillan.


Lo, Dic and Gao, Ling and Lin, Yuchen (2022) 'State Ownership and Innovations: Lessons from the Mixed-Ownership Reforms of China’s Listed Companies'. Structural Change and Economic Dynamics, (60), pp 302-314.

Lo, Dic and Shi, Yuning (2021) 'China versus the US in the Pandemic Crisis: Governance and Politics Confronting Systemic Challenges'. Canadian Journal of Development Studies, (42) 1/2, pp 90-100.

Lo, Dic (2020) 'State-owned Enterprises in Chinese Economic Transformation: Institutional Functionality and Credibility in Alternative Perspectives'. Journal of Economic Issues, (54) 3, pp 813 -837.

Lo, Dic (2020) 'Towards a conception of the systemic impact of China on late development'. Third World Quarterly, (41) 5, pp 860-880.

Lo, Dic and Hong, Fuhai and Li, Guicai (2016) 'Assessing the Role of Inward Foreign Direct Investment in Chinese Economic Development, 1990-2007: Towards a Synthesis of Alternative Views'. Structural Change and Economic Dynamics, (37) June, pp 107-120.

Lo, Dic (2015) 'Reshaping the “China Model" [In Chinese]'. 政治经济学评论 = Zhengzhi Jingjixue Pinglun (China Review of Political Economy), (6) 1, pp 105-112.

Ju, X. and Lo, Dic and Yu, Y. (2013) 'Financial constraints, working capital management, and the sustainability of firm innovation [In Chinese]'. 經濟硏究 = Jingji Yanjiu (Economic Research Journal), (48) 1, pp 4-16.

Ju, X. and Lo, Dic (2012) 'The cost and benefit of banking regulations and controls, Chinese style'. PSL Quarterly Review, (66) 263, pp 385-402.

Lo, Dic and Zhang, Yu (2011) 'Making sense of China’s economic transformation'. Review of Radical Political Economics, (43) 1, pp 33-55.

Lo, Dic and Li, Guicai (2011) 'China’s economic growth, 1978-2007: structural-institutional changes and efficiency attributes'. Journal of Post-Keynesian Economics, (34) 1, pp 59-84.

Lo, Dic and Li, Guicai and Jiang, Yingquan (2011) 'Financial governance and economic development: making sense of the Chinese experience'. PSL Quarterly Review, (64) 258, pp 267-286.

Lo, Dic (2010) 'World development crisis and the China model [in Chinese]'. 政治经济学评论 = Zhengzhi Jingjixue Pinglun (China Review of Political Economy), (1) 4, pp 24-35.

Lo, Dic and Li, Guicai (2009) 'The evolution of the model of Chinese economic growth and its impact on employment [in Chinese]'. Jingjililun yu Jingji Guanli (Economic Theory and Business Management), (2009) 12, pp 25-30.

Lo, Dic and Zhang, Yu (2008) 'Globalisation meets its match: lessons from China’s economic transformation'. Economic and Political Weekly, (43) 52, pp 97-102.

Lo, Dic (2008) 'Why is China Following a Capital-Deepening Development Path?'. Development Viewpoint 9.

Li, Guicai and Lo, Dic (2008) 'Reframing theories of the dynamics of macro unemployment: Neo-Keynesianism versus Neo-claissicism [in Chinese]'. Jiaoxue yu Yanjiu (Teaching and Research), (2008) 2, pp 37-43.

Lo, Dic (2007) 'China’s quest for alternatives to neo-liberalism: market reform, economic growth, and labour'. The Kyoto Economic Review, (76) 2, pp 193-210.

Li, Guicai and Lo, Dic (2007) 'Reframing theories of the dynamics of macro unemployment: Marxist and Post-Keynesian perspectives [in Chinese]'. Dangdai Jingji Yanjiu = 當代經濟硏究 = Contemporary economic research, (2007) 12, pp 14-17.

Lo, Dic (2005) 'China's nexus of foreign trade and economic growth: making sense of the anomaly''. Chinese Journal of Economics, (1 (1)), pp 160-193.

Lo, Dic and Smyth, Russell (2004) 'Towards a Re-Interpretation of the Economics of Feasible Socialism'. Cambridge Journal of Economics, (28) 6, pp 791-808.

Lo, Dic (2004) 'Globalisation and comparative political economy: of efficiency, efficient institutions, and late development [in Chinese]'. 政治经济学评论 = Zhengzhi Jingjixue Pinglun (China Review of Political Economy), (2004) 7, pp 55-72.

Lo, Dic (2003) 'Foreign Direct Investment and China's Economic Development: Evidence from Sectoral and Regional Analyses'. Jingji Yanjiu (Economic Research Journal) = 經濟硏究, (vol. 2), pp 40-48.

Lo, Dic and Cheng, Yuk-Shing (2002) 'Explaining the Financial Performance of China's Industrial Enterprises: Beyond the Competition-Ownership Controversy'. The China Quarterly, (170), pp 413-440.

Lo, Dic (2002) 'Of the market and the market economy [in Chinese]'. Dushu [Reading] = 读书, (vol. n), pp 128-134.

Lo, Dic (2001) 'China after East Asian Developmentalism'. Historical Materialism, (8) 1, pp 253-264.

Lo, Dic and Cheng, Yuk-Shing (2000) 'Explaining the financial performance of Chinese industrial enterprises'. 經濟硏究 = Jingji Yanjiu (Economic Research Journal), (7), pp 39-47.

Lo, Dic and Smyth, Russell (2000) 'Theories of the Firm and the Relationship between Different Perspectives on the Division of Labour'. Review of Political Economy, (12) 3, pp 333-349.

Lo, Dic (1999) 'Re-Appraising the Performance of China's State Owned Industrial Enterprises, 1980 - 1996'. Cambridge Journal of Economics, (23) 6, pp 693-718.

Lo, Dic (1999) 'The East Asian phenomenon: The consensus, the dissent, and the significance of the present crisis'. Capital & Class, (23) 1, pp 1-23.

Lo, Dic and Chan, Thomas M.H. (1998) 'Machinery and China's Nexus of Foreign Trade and Economic Growth'. Journal of International Development, (10) 6, pp 733-749.

Lo, Dic (1995) 'Techno-economic paradigm versus the market: on recent theories of late industrialization'. Economy and Society, (24) 3, pp 443-470.

Edited Books or Journals

Zhang, Yu and Meng, J and Lo, Dic, (eds.), (2002) Readings in Advanced Political Economy [in Chinese]. Beijing: Economic Science Press (China).

Book Chapters

Lo, Dic (2017) 'China confronts the Great Recession: “rebalancing” neoliberalism, or else?'. In: Arestis, Philip and Sawyer, Malcolm, (eds.), Emerging Economies During and After the Great Recession. London: Palgrave Macmillan, pp 232-269.

Lo, Dic and Wu, Mei (2014) 'The state and industrial policy in Chinese economic development'. In: Salazar-Xirinachs, J. M. and Nübler, Irmgard and Kozul-Wright, Richard, (eds.), Transforming Economies: Making industrial policy work for growth, jobs and development. Geneva: International Labour Office, pp 307-326.

Lo, Dic (2013) 'China and world development – beyond the crisis'. In: Yokokawa, N. and Ghosh, Jayati and Rowthorn, R., (eds.), Industralization of China and India: Their Impacts on the World Economy. Oxon; New York: Routledge, pp 115-131.

Lo, Dic and Zhang, Yu (2012) 'Centrally planned economy'. In: Fine, Ben and Milonakis, Dimitris, (eds.), Elgar Companion to Marxist Economics. Cheltenham: Edward Elgar, pp 40-46.

Lo, Dic (2011) 'The Washington Consensus and the China anomaly'. In: Bayliss, Kate and Fine, Ben and Van Waeyenberge, Elisa, (eds.), The Political Economy of Development: The World Bank, Neoliberalism and Development Research. London: Pluto Press.

Lo, Dic and Zhang, Yu (2010) 'China and the quest for alternatives to neoliberalism'. In: Saad Filho, Alfredo and Yalman, Galip L., (eds.), Economic Transitions to Neoliberalism in Middle-Income Countries. London: Routledge.

Lo, Dic (2009) 'China and post-crisis globalisation: towards a new developmentalism?'. In: Ghosh, Jayati and Chandrasekhar, C.P., (eds.), After Crisis: Adjustment, Recovery, and Fragility in East Asia. New Delhi: Tulika Books.

Lo, Dic (2008) 'China as a “model” of utilizing foreign capital for economic development: perceptions, observations and interpretation'. In: Assmann, Heinz-Dieter and Chan, Thomas M.H. and v. Filseck, Karin Moser, (eds.), Perceptions and Images of China. Baden-Baden: Nomos.

Lo, Dic (2005) 'Industrial restructuring and corporate governance in China's economic transformation'. In: Smyth, Russell and Zhu, C. and Tam, O., (eds.), China's Business Reforms: Institutional Challenges in a Globalised Economy. London: Routledge.

Lo, Dic (2003) 'Consensus in Washington, Upheaval in East Asia'. In: Fine, Ben and Lapavitsas, Costas and Pincus, Jonathan, (eds.), Development Policy in the Twenty-First Century. Beyond the Post-Washington Consensus.. London: Routledge, pp 99-111.

Lo, Dic (2002) 'Principles of the division of labour, technological paradigms, and theories of the labour process'. In: Zhang, Yu and Meng, J and Lo, Dic, (eds.), Readings in Advanced Political Economy [in Chinese]. Beijing: Economic Science Press [China], pp 228-238.

Lo, Dic (2001) 'Consensus in Washington, upheaval in East Asia'. In: Fine, Ben and Lapavitsas, Costas and Pincus, Jonathan, (eds.), Development Policy in the Twenty-first Century: Beyond the Post-Washington Consensus. New York: Routledge, pp 99-111.

Monographs and Working Papers

Lo, Dic (2006) Making Sense of China’s Economic Transformation. London, UK: .

Cheng, Yuk-Shing and Lo, Dic (2004) Firm Size, Technical Efficiency and Productivity Growth in Chinese Industry. London, UK: .

Lo, Dic (2004) China’s Nexus of Foreign Trade and Economic Growth: Making Sense of the Anomaly. London, UK: School of Oriental and African Studies.


This list was last generated on Sunday, 2nd October 2022, 20:32 Europe/London.