Meaning of the word "spillover effect" in English

What does "spillover effect" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

spillover effect

US /ˈspɪlˌoʊvər ɪˈfɛkt/
UK /ˈspɪlˌəʊvər ɪˈfɛkt/

Noun

an indirect effect or consequence of an action or event

Example:
The economic crisis had a significant spillover effect on neighboring countries.
Investing in education can have a positive spillover effect on society as a whole.