Title: Concentration-Compactness and the long time dynamics of the generalized Korteweg-de Vries equation Abstract We consider the Cauchy problem associated with the generalized KdV equation: \begin{equation} \label{kdv} \left.\begin{array}{ll} & u_t+u_{xxx}+(f(u))_{x}=0, \ \ \ (t,x)\in{\mathbb{R}}^+\times{\mathbb{R}},\\ &u(0,\cdot)=u_0. \end{array}\right\} \end{equation} This includes the standard KdV ($f(u)=u^2)$) and modified KdV ($f(u)=u^2u$). It is well known that both these equations are completely integrable. The main question is weather (\ref{kdv}) retains any of the striking wave-like phenomena observed for these two special cases using techniques from inverse scattering . This includes the emergence of a train of solitary waves from arbitrary initial data, and the elastic collision of solitary waves. In this talk we will give an overview of recent results and present some of the tools used in analyzing (\ref{kdv}) outside the realm of completely integrable equations. We will focus on the application of P.-L. Lions' Concentration-Compactness principle, and discuss how, due to the presence of certain conserved quantities, the principle is a very natural setting for studying the long time dynamics of (\ref{kdv}). As an example, we use the principle to obtain the stability of traveling waves.