Perfeita. Vou reproduzir. É uma das melhores explicações que já vi.
The subsidization of foreign exports enables Americans to tap into the income bases of foreign countries and impose a tax on foreigners every time a subsidized product is imported into this country. Communist China, for example, would never consider allowing the U.S. government to tax its one billion citizens directly; nevertheless, that is what China permits indirectly through the subsidies it gives its exporting industries, for example, textiles. The tax is realized in terms of higher prices and lower real incomes in China and lower prices and higher real incomes in the United States.
Não há como negar: alguns economistas conseguem mostrar velhos conceitos de maneira muito talentosa. É o caso do McKenzie, autor do trecho acima.