At the same time, geographically diversified institutions outperformed even during the recent global crisis, because they were less vulnerable to downturns in individual regions. And, at least until a certain stage of growth, economies of scale and scope beckon, with expansion abroad often the only way to increase size, given already-saturated domestic markets.
与此同时，即使是在全球危机期间，布局多样化的机构也取得了卓越的表现，这是因为它们受单一地区衰退的影响很小。规模经济和范围经济至少在进入到某一增长阶段之前都会存在，而向外扩张通常是唯一的扩大规模之路——因为国内市场早已饱和了。