Reducing imports would absolutely open the door for more youth-owned businesses to fill supply gaps.

When foreign-made goods no longer dominate the market, a vacuum is created that local entrepreneurs can step into. 

This provides a powerful incentive to start businesses that produce goods for the domestic market, which can be a key driver of job creation and economic diversification.

Creating a Market for Local Businesses-

By limiting the influx of cheap, mass-produced goods, governments create a more level playing field for local businesses. Young entrepreneurs, who often lack the capital and scale to compete with international corporations, would have a genuine opportunity to establish themselves. They could start by producing goods that are in high demand but no longer easily imported. This shift would allow them to build a customer base, gain experience, and eventually expand their operations.

Fostering an Entrepreneurial Ecosystem-

Reducing import dependency would stimulate the growth of a supportive ecosystem for youth-owned businesses. This includes:

• Access to Finance: As the demand for local goods grows, banks and investors would be more willing to provide loans and capital to young entrepreneurs looking to start production.

• Skill Development: The need for a skilled workforce would lead to the creation of more vocational and technical training programs. This would equip young people with the hands-on skills needed to innovate and run successful businesses.

• Government Support: Governments would likely implement policies to support these new businesses, such as offering grants, subsidies, and assistance with marketing. This would create a virtuous cycle where policy, market demand, and entrepreneurship reinforce each other to drive economic growth.

The absence of foreign competition allows young people to move beyond just being consumers or distributors and to become producers, innovators, and job creators in their own right.