  We show that, within a meson-exchange dynamical model describing well most of
the existing pion electromagnetic production data up to the second resonance
region, one is also able to obtain a good agreement with the pi^0 photo- and
electroproduction data near threshold. In the case of pi^0 production, the
effects of final state interaction in the threshold region are nearly saturated
by single charge exchange rescattering. This indicates that in ChPT, it might
be sufficient to carry out the calculation just up to one-loop diagrams for
threshold neutral pion production.
