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{{refimprove|date=May 2017}}
In [[economics]], a '''spillover''' is an economic event in one context that occurs because of something else in a seemingly unrelated context. For example, [[externalities]] of economic activity are non-monetary spillover effects upon non-participants. Odors from a rendering plant are negative spillover effects upon its neighbors; the beauty of a homeowner's [[flower garden]] is a positive spillover effect upon neighbors. The concept of spillover in economics could be replaced by terminations of technology spillover, R&D spillover and/or [[knowledge spillover]] when the concept is specific to technology
In the same way, the economic benefits of increased trade are the spillover effects anticipated in the formation of multilateral alliances of many of the regional nation states: e.g. [[South Asian Association for Regional Cooperation|SAARC]] (South Asian Association for Regional Cooperation), [[Association of Southeast Asian Nations|ASEAN]] (Association of South East Asian Nations).
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