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Principal-Agent theory/problem. HELP!!

Why was there more awareness about principal-agent at the start of the third industrial revolution? Positive/negative effects? I have a paper due in about 3 hours. Please let me know your opinions.
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Anyone? :/
This is obviously too late now, but you didn't specify what you meant by the third industrial revolution (is this supposed to be the information age revolution, or some kind of breakdown of the British IR?)
Nor have you stated what you mean by the principal-agent problem, and in what context. It doesn't give us much to go on.

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