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
Moscow Summit (1988) lesser issues such as student exchanges and fishing rights. A significant result was the updating of Soviet history books, which necessitated cancelling some history classes in Soviet secondary schools. In the end, Reagan expressed satisfaction with the summit. Reagan and Gorbachev eventually issued a joint statement, of which excerpts are shown here: One ironic instance of the summit was when Reagan gave Gorbachev a copy of the movie "Friendly Persuasion", whose screenwriter Michael Wilson got blacklisted in the 1950s due to suspected communist sympathies. Moscow Summit (1988) The Moscow Summit was a summit meeting between U.S. Pres. Ronald Reagan and