Answer:
A) Regionalism
Explanation:
-Regionalism refers to the idea that countries that are close to each other have a similar identity and shared history that leads to the creation of regional institutions or trading blocks that generate integration between them.
-Globalization is the process in which people, governments and organizations around the world are more connected.
-Monopolies are created when an organization is the only one that can provide a product or service in a market.
-Nationalism is an idea in which people put their nation above all others.
-Traditional Practices refer to behaviors that are common to a specific group or culture.
According to this, strong pressures for convergence due to a shared history and culture, or the establishment of a trading block where there are deliberate attempts to harmonize trade policies, infrastructure, and regulations have contributed to the rise in regionalism.
