 Additionally, the economy of Macau, then a Portuguese colony, was also experiencing rapid growth during this period through textile manufacturing and the development of a hospitality and tourism industry, which resulted in high levels of foreign direct investment into the territory.Macau replaced Las Vegas as the world's largest gambling center in 2007.East Asia became an area of early modern economic power starting with the Meiji Restoration in the late 19th century when Japan rapidly transformed itself as the first and only industrial modern economic power in East Asia.