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
Foreign policy of the Ronald Reagan administration but Reagan recognized the real change in the direction of the Soviet leadership, and shifted to skillful diplomacy to personally push Gorbachev further with his reforms. Reagan sincerely believed that if he could persuade the Soviets to simply look at the prosperous American economy, they too would embrace free markets and a free society. At a speech given at the Berlin Wall on the city's 750th birthday, Reagan pushed Gorbachev further in front of 20,000 onlookers: "General Secretary Gorbachev, if you seek peace, if you seek prosperity for the Soviet Union and Eastern Europe, if you seek liberalization: Come here