This paper shows that foreign term spreads constructed from bond yields of non-U.S. G-7 constituents predict future U.S. recessions and that foreign term spreads are stronger predictors of U.S. recessions occurring within the next year than U.S. term spreads. U.S. and foreign term spreads are...

The geography of globalization -- Theorizing the politics of space -- Serving transnational capital -- Constructing the glocal transnational capitalist class -- Selling exports -- Imagineering world cities -- Conclusion