Gromov-Witten theory is the enumerative theory of curves on algebraic varieties. Many important developments in this field, such as mirror symmetry and integrability results, are based on the Atiyah-Bott localization theorem. In this talk we will formulate a series of conjectural results in Gromov-Witten theory obtained via extremal transitions and large N duality, emphasizing their relation with the standard localization approach.