This paper surveys the current state of the theory of cobordism, focusing on geometric and universal properties of complex cobordism, the Landweber-Novikov algebra, and the formal group law of geometric cobordisms. The relationships with K-theory, algebraic cycles, formal group laws, compact Lie group actions on manifolds, toric topology, infinite-dimensional Lie algebras, and nilmanifolds are described. The survey contains key results and open problems.
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