Microquasars provide new insights into: 1) the physics of relativistic jets from black holes, 2) the connection between accretion and ejection, and 3) the physical mechanisms in the formation of stellar-mass black holes. Furthermore, the studies of microquasars in our Galaxy can provide in the future new insights on: 1) a large fraction of the ultraluminous X-ray sources in nearby galaxies, 2) gamma-ray bursts (GRBs) of long duration in distant galaxies, and 3) the physics in the jets of blazars. If jets in GRBs, microquasars and Active Galactic Nuclei (AGN) are due to a unique universal magnetohydrodynamic mechanism, synergy of the research on these three different classes of cosmic objects will lead to further progress in black hole physics and astrophysics.
