It refers to the creation of social networks and multiplication of existingconnectionsChoose matching termGlobalizationNeoliberalismContractionExpansion

The process describing the creation of social networks and the multiplication of existing connections aligns closely with the term "Globalization."

Explanation:

1. Globalization refers to the process of interaction and integration among people, companies, and governments worldwide. It involves the expansion of social networks and the multiplication of connections across different cultures and regions.

2. Neoliberalism is an economic and political approach that emphasizes free markets and limited government intervention but does not inherently describe social networks.

3. Contraction implies a reduction or decrease, which is the opposite of what is described.

4. Expansion could also relate to the growth of networks, but "Globalization" encompasses a broader context that includes cultural, economic, and social dimensions.

In conclusion, the most appropriate term that matches the described process is Globalization.