Yahoo! India Answers blog

This week, while we citizens continue to lose our jobs, our savings, and our patience; the Group of Twenty Finance Ministers and Central Bank Governors (aka the G-20) will convene in London to try to figure out some solutions to our global economic crisis.

The G-20 is a group of the top economic leaders from 20 countries: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the U.K., the U.S.A., and The E.U.  If you add them all together, the G-20 economies comprise 85% of global gross national product, 80% of world trade, and two-thirds of the world population. The G-20 likes to meet every year or so to discuss global markets, economic policies, trade, and the like. Obviously, this year they have a lot to talk about.

So, I guess we can all relax now that we know that our best economic and government leaders are on the case, right? We can just wait around while they think up a solution, right? I hope so. But, one could argue, after all, that it was banking and lending institutions that got us into this mess in the first place.

Just before last year’s G-20 summit in Washington, French President Nicolas Sarkozy said, “We must rethink the financial system from scratch, as at Bretton Woods.” British Prime Minister Gordon Brown said we must agree to a “new, international financial architecture for the years ahead.” And perhaps they’re right. Maybe we should stop relying on misguided bankers and financial pundits to solve our problems. Maybe instead, our heads of state should look to Yahoo! Answers.

Should we let the banks and investment funds fail? Should we continue to prop them up with tax money? Should we buy more? Consume less? Should we be more green and less profitable, or should we say to heck with the environment and start dumping all of our toxic waste into the ocean? Maybe we should just ditch the whole system and return to the woods where we could learn to hunt and survive on nuts and berries! Maybe not.

So, we ask you, Answers community:

What can we do to help solve the current global economic crisis?

How can the US government work with other countries to overcome the global economic crisis?

Since this is truly an international problem, we’re asking this question on all of our international Answers sites, too. The best answers will be featured in a coming blog post. So, let’s give our economic leaders something to think about! We look forward to all of your opinions and ideas.

Shefali Gaur
Community Manager – Yahoo! India Answers