Reykjavík 1972, Reykjavík hosted the world chess championship between Bobby Fischer and Boris Spassky. The 1986 Reykjavík Summit between Ronald Reagan and Mikhail Gorbachev underlined Reykjavík's international status. Deregulation in the financial sector and the computer revolution of the 1990s again transformed Reykjavík. The financial and IT sectors are now significant employers in the city. The city has fostered some world-famous talents in recent decades, such as Björk, Ólafur Arnalds and bands Múm, Sigur Rós and Of Monsters and Men, poet Sjón and visual artist Ragnar Kjartansson. Reykjavík is located in the southwest of Iceland. The Reykjavík area coastline is characterized
Reykjavík Summit whereas in reality, Matlock contends, they would have had little effect on research that was still in its very early stages. The talks finally stalled, Reagan asking if Gorbachev would "turn down a historic opportunity because of a single word", referring to his insistence on laboratory testing. Gorbachev asserted that it was a matter of principle, and the summit concluded. Despite getting unexpectedly close to the potential elimination of all nuclear weapons, the meeting adjourned with no agreement; however, both sides discovered the extent of the concessions the other side was willing to make. Human rights became a subject of