Terrorism and Globalization

Before 9/11 terror attacks against The United States of America the dominant global issues were geoeconomic in nature. But now geopolitics and security have become core issues in the world politics.
Globalization has many definitions but in simple words it is all about the planet getting smaller and the free flow of goods, ideas and people. Technology played an important role in achieving globalization and it changed the world in real means. Liberalization of crossborder transactions facilitated the process of globalization. This crossborder mobility of labour, goods, ideas, capital and technology headed the world towards the greater level of prosperity. The major forces behind globalization were US economy and government.
Globalization also created a sense of insecurity among some cultures leading to the clash of cultures. The creation of soft borders for the success of globalization also facilitated the mobility of terrorist, their resources and their ideas across the borders. Now all countries are developing strict rules and regulations to keep security inside and terrorists outside their countries. It is denting the process of globalization from further development.
The efforts to prevent terrorists from moving their resources from one part of the world to another are costing big bucks. Banks are adopting new measures that will slow down the flow of capital. Air fares are at rise due to new security measures at the airports and in the airline services and are affecting the profitability of airline industry. Anti-terrorist budgets are on rise for almost all countries diverting money from development programs to fight against terrorism.
It seems that globalization has facilitated the terrorism to become a global terror. If it is true, will rising global terrorism reverse or slow down the globalization process?