The process of conducting business worldwide is a part of
-protectionism
-urbanization
-globalization
-reparation

The process of conducting business worldwide is a part of globalization.

Globalization is a phenomenon of growing interaction, integration and interdependence of the world's economies, cultures and populations. This process is a result of the cross-border flow of goods, services, technologies, investment, people and information.

On the contrary, protectionism is aimed at restricting imports from other countries so as to preserve the domestic industry. Moreover, urbanization refers to a shift from rural to urban lifestyle of a given population. Reparation does not refer to conducting business worldwide either.

austria

hugary

yugoslavia

czechoslovakia