Before revision:  In the present paper we  employ the theoretical tools developed in network theory , in order to shed light on the response of world wide trade to the financial crisis of 2007. In particular, we have explored the evolution of the bipartite country-product World Trade Web  across the years 1995-2010, monitoring the behaviour of the system both before and after 2007.
After revision:  In the present paper we employ the theoretical tools developed in network theory , in order to shed light on the response of world wide trade to the financial crisis of 2007 and the economic recession of 2008-2009. We have explored the evolution of the bipartite country-product World Trade Web across the years 1995-2010, monitoring the behaviour of the system both before and after 2007.