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This article reviews theory and research on the implications of globalization for cultural identity formation in adolescence (ages 10–18) and emerging adulthood (ages 18–29). Theories of immigrant acculturation are extended to globalization to demonstrate how adolescent and emerging adult cultural identity development follows a variety of pathways in a global world. The article includes a discussion of how this opening up of plural developmental pathways comes with risks and opportunities. Here, cultural identity confusion, civic involvement, and gender equality are discussed.