According to Sanderson and Alderson, capitalism developed earliest and farthest in western Europe and Japan because these societies possessed the most favorable preconditions for capitalist development.

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Sanderson and Alderson argue that Western Europe and Japan had favorable preconditions such as social, economic, and political structures that facilitated the early and extensive development of capitalism.

According to Sanderson and Alderson, Capitalism Developed Earliest and Farthest