MERCOSUR unites former colonies, which were and remain dependent on trade with former colonial powers and on acquisition of capital and technology from rich countries. Regional integration in MERCOSUR is unable either to substitute this historical North–South relationship, nor to significantly reduce the dependence of its members on better-developed partners. The EU, on the contrary, is a group of predominantly rich and self-sufficient countries. MERCOSUR is also a more recent process. It was founded in 1991 while the EEC has operated since 1957.