As you can see, although the scatter plot is all over the place, the trend is that when largeisrelatively cheap, large out performs and when small is cheap it outperforms.
What it does have going for itis a large population, with most of its 150 million people of working age, and relatively low wages, which helped fuel a manufacturing boom centered around garment making.
For instance, law firms involved in cross-border deals are usually quite large, whereas most clients' spending on their services isrelatively small (though it may not seem that way to the clients).