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This chapter provides an overview of the concepts discussed in part 2 of this book. The part criticizes ‘the urban sprawl of gentrification talk’ that the authors say has become pervasive in contemporary urban studies and has ‘displaced and erased alternative idioms and concepts that may be more useful for describing and analyzing local processes’. It states that ‘in contrast to geographers and other interdisciplinary urbanists, many US-based sociologists have unduly overlooked or minimized two aspects of gentrification that may be more clearly observed in the Global South: the roles of local political-economic forces and the state’. The part urges US sociologists to globalize the sociology of gentrification. It argues that although gentrification and neoliberal urbanism operate in different ways in different cities, a broader pattern of racialized dispossession and displacement can be discerned.