Mutual Recognition (MR) implies that each Member State is free to use the standards for production it prefers but cannot inhibit the import from other Member States lawfully using other standards, unless justified by emergency reasons. The home country rule then prevails on the host country. Barriers to entry diminish, competition rises in the internal market. This volume looks at a number of aspects of MR, including why its importance cannot be understood outside the general practice of free movement and how some elements of MR already emerge in the skilled labour market of professionals. Contents Introduction; F.Kostoris Padoa Schioppa Principle of Mutual Recognition and Respect for National, Regional and Local Identities and Traditions; A.Mattera Mutual Recognition, Functional Equivalence and Harmonization in the Evolution of the European Common Market and the WTO; J.H.H.Weiler Mutual Recognition in Goods and Services: An Economic Perspective; J.Pelkmans Globalization with Human Faces: Managed Mutual Recognition and the Free Movement of Professionals; K.Nicolaidis Mutual Recognition, Unemployment and Welfare State; F.Kostoris