Guus van Westen, Maggi Leung, Kei Otsuki and Annelies Zoomers provide the conceptual and theoretical background of the book, showing the importance of globalization, for better or worse. Local development cannot be understood without taking into account the importance of translocal linkanges and connections, and ‘positionality’ has in many respects become one of the core issue in determining local people’s wellbeing, and the opportunities to move in the direction of an inclusive and sustainable future. Looking at ‘local’ development through a lens of flows of people/capital will help to unravel complexities and better understand how to move in the direction of SDG-compliant development. The first section of the book will mainly look at translocal development in response to migration (flows of people/ remittances). The rest of the book is focused on the developmental impact generated by capital flows (e.g., investments in agro-sector, nature coservation, mining, new cities etc.). Along with different types of capital flows, people flowing in and out will go hand in hand with the redistribution of goods and resources, which will set the stage for future generations. Our book shows how mobility of people, capital, goods and ideas are at the heart of local development, which has until now not sufficienly taken into account in policy making.