Spin effects in exclusive and inclusive reactions provide an essential new
dimension for testing QCD and unraveling hadron structure. Remarkable new
experiments from SLAC, HERMES (DESY), and the Jefferson Laboratory present many
challenges to theory, including measurements at HERMES and SMC of the single
spin asymmetries in pion electroproduction, where the proton is polarized
normal to the scattering plane. This type of single spin asymmetry may be due
to the effects of rescattering of the outgoing quark on the spectators of the
target proton, an effect usually neglected in conventional QCD analyses. Many
aspects of spin, such as single-spin asymmetries and baryon magnetic moments
are sensitive to the dynamics of hadrons at the amplitude level, rather than
probability distributions. I illustrate the novel features of spin dynamics for
relativistic systems by examining the explicit form of the light-front
wavefunctions for the two-particle Fock state of the electron in QED, thus
connecting the Schwinger anomalous magnetic moment to the spin and orbital
momentum carried by its Fock state constituents and providing a transparent
basis for understanding the structure of relativistic composite systems and
their matrix elements in hadronic physics. I also present a survey of
outstanding spin puzzles in QCD, particularly the double transverse spin
asymmetry A_{NN} in elastic proton-proton scattering, the J/psi to rho-pi
puzzle, and J/psi polarization at the Tevatron.Comment: Concluding theory talk presented at SPIN2001, the Third
Circum-Pan-Pacific Symposium on High Energy Physics, October, 2001, Beijin