We show that the Skyrme theory actually is a theory of monopoles which allows
a new type of solitons, the topological knots made of monopole-anti-monopole
pair,which is different from the well-known skyrmions. Furthermore, we derive a
generalized Skyrme action from the Yang-Mills action of QCD, which we propose
to be an effective action of QCD in the infra-red limit. We discuss the
physical implications of our results.Comment: 4 pages. Phys. Rev. Lett. in pres