For a semisimple Lie group G with parabolic subgroups Q ⊂ P ⊂ G, we associate to a parabolic geometry of type (G,P ) on a smooth manifold N the correspondence space CN , which is the total space of a fiber bundle over N with fiber a generalized flag manifold, and construct a canonical parabolic geometry of type (G,Q) on CN . Conversely, for a parabolic geometry of type (G,Q) on a smooth manifol...