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===Post-war development=== In the [[post-war]] years, the growth of Reykjavík accelerated. An exodus from the rural countryside began, largely because improved technology in agriculture reduced the need for manpower, and because of a population boom resulting from better living conditions in the country. A once-primitive village was rapidly transformed into a modern city. Private cars became common, and modern apartment complexes rose in the expanding suburbs. In 1972, Reykjavík hosted the famous [[World Chess Championship 1972|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 musicians and artists in recent years, including musicians [[Björk]]; [[Múm]] and [[Sigur Rós]]; writer [[Sjón]]; and visual artist [[Ragnar Kjartansson (sculptor)|Ragnar Kjartansson]].
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