In this paper, we begin with a discussion of past and current definitions of resiliency and map out the concepts’ history from its early inception about 50 years ago to present day. Following, we provide some of the current data that makes the case for taking a resiliency perspective – one that focuses on promoting strengths rather than just reducing risks. We then delineate and summarize some of the key research findings that have recently emerged and we discuss the important roles of development and context in promoting competence in children and adolescents. We end with some of the critical questions that arise when considering the best practices and approaches for creating resiliency promoting environments for children and youth.