Globalisation has been a prominent influence on the economic spillover effect in the global economy. Due to rising economic interactions including trade and investment between economies, the likelihood has risen that events impact one economy will in turn impact others who have economic ties and dependencies. There are opposing views on the aggregate impact of globalisation as having either positive or negative spillover effects for the global economy. For instance, studies by Applied Economics journal<ref>{{cite web |last1=Dreher |first1=Axel |title=Does globalization affect growth? Evidence from a new index of globalization |url=https://doiwww.orgtandfonline.com/doi/abs/10.1080/00036840500392078 |website=tandfonline |publisher=Applied Economics Journal |access-date=12 May 2022}}</ref> indicates that globalisation has been impactful in promoting economic growth across nations in part due to the spillover. However studies by<ref>{{cite web |last1=You |first1=Wanhai |last2=Lv |first2=Zhike |title=Spillover effects of economic globalization on CO2 emissions: A spatial panel approach |url=https://doiwww.org/10sciencedirect.1016com/j.eneco.2018.05.016science/article/pii/S014098831830183X?via%3Dihub |website=Science Direct |publisher=Energy Economics |access-date=12 May 2022}}</ref> find that despite there being evidence that there is a positive correlation between trade openness and carbon dioxide emissions (negative externality), there could also exist benefits from globalisation impacting the environment through factors including spread of technology and knowledge beyond borders.
