Explanation:
The 1950s and 1960s in Canada were, in large part, years of economic stability and prosperity. Prices leveled out in the early 1950s with the end of the Korean War, and overseas trade grew steadily.
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<span>As part of Stalin's Five-Year Plan, the government set up a Command economy, in which the government owned all industries, setting quotas favoring heavy industry over production of consumer goods</span>
Advantages:
From a conservative or state-based ideology: it is much easier to control population since they rarely receive "strange" ideas or influence from outside. Domestic policies become much more important. In so, it becomes easier to set popular aims targeting citizens.
The country could(historically seen) stand the best defense against outside powers which could try to set an invasion. For example, the Great Wall of China turned out to set a strong defense against Mongols and other menaces along many centuries.
Disadvantages are listed:
Trading with other countries can influence negatively on economic growth, as there is no autonomous country even if it results as big as China.
Trade has become key in today's globalized world, henceforth the need to collaborate or cooperate in economic exchanges is a necessity to keep up the pace in global affairs.
