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The G20 Summit held in Washington DC on Saturday was an explicit recognition of the increasing influence of developing nations - and with good reason.

The only real economic growth in 2009 is expected to come from emerging economies.

Leaders of China, India, Brazil and other countries made it clear they won't be sidelined.

But did the meeting come up with any concrete action? Is the world's economic map being redrawn? And can there be a practical global regulator of the entire world economy?

This episode of Inside Story aired on November 16, 2008, at 17:30 GMT.