The global economic crisis and the responses to it have brought to the fore questions of sovereignty and cosmopolitanism. In a world so interlinked, what is the proper way to order the global arena, politically and economically? This essay examines Habermas’ multilayered approach to world organization, as well as Pogge and others. Focusing on the question of trade policies, I argue (contra Habermas) for robust global economic governance policies, but (contra Pogge) that these policies should uphold fair trade instead of free trade. This approach has the advantage of alleviating world poverty while at the same time strengthening local communities in developing countries. To this effect, I show why borders should matter more when it comes to capital, and less when it comes to people.