Recent developments in the theory of exactly solvable models are reviewed. Particular attention is paid to the finite size corrections to the Bethe ansatz equations. Baxter's formula which relates a 2-dimensional statistical model with a 1-dimensional spin model is extended into the finite temperature case. A combination of this extension and the theory of finite size corrections gives a systematic method to evaluate low temperature expansions of physical quantities. Applications of the method to 1-dimensional quantum spin models are discussed. Throughout this paper, the usefulness of the soliton theory should be observed.