Quest for precision in hadronic cross sections at low energy: Monte Carlo tools vs. experimental data

We present the achievements of the last years of the experimental and theoretical groups working on hadronic cross section measurements at the low-energy e+e− colliders in Beijing, Frascati, Ithaca, Novosibirsk, Stanford and Tsukuba and on τ decays. We sketch the prospects in these fields for the years to come. We emphasise the status and the precision of the Monte Carlo generators used to analyse the hadronic cross section measurements obtained as well with energy scans as with radiative return, to determine luminosities and τ decays. The radiative corrections fully or approximately implemented in the various codes and the contribution of the vacuum polarisation are discussed.