Final answer:
Globalization is largely responsible for extending self-exploration during emerging adulthood, delaying traditional adult milestones due to higher education requirements, job market competition, and individualistic cultural values. Extended education and economic changes result in many young adults remaining financially dependent for longer periods.
Step-by-step explanation:
Emerging adulthood is a phase of life that is characterized by extended self-exploration. Several factors have contributed to this stage including longer lifespans in wealthier, industrialized nations, the necessity of higher education for career entry, and changing workforce and cultural expectations. Globalization has impacted emerging adulthood by effectively delaying the onset of adult life. This stage allows individuals to spend more time exploring various paths in career and personal lives owing to the extended period of education and the inclination towards individualism.
Extended self-exploration seems to be the aspect largely responsible for spreading due to globalization during emerging adulthood as opposed to career stability, early identification of a career path, or early attainment of financial autonomy. The interconnectedness of modern economies, facilitated by globalization, emphasizes higher education and a diversified job market, making stable, long-term careers less common for young adults. Moreover, the cultural shift towards valuing personal self-discovery delays traditional markers of adulthood such as marriage, financial independence, and starting a family. This stage reflects the influences of global economic expectations and individualistic cultural values.
The rise of the Boomerang Generation and the competition in a global labor market encourage young adults to remain in education longer and to be more selective with careers, often leading to periods of financial dependence and residency with parents post-graduation. All these factors point to a world where emerging adulthood reflects the complexities of modern life impacted by globalization, societal expectations, and economic realities.