Well you can't match the global talent pool by sheer numbers. Of course there's talent in England, and of course a lot of it is very good, but no matter how good your development, you're still going to find more and better talent elsewhere.
As for thinking about it. It's a tough one. Perhaps if teams are forced to have X amount of local players that they would then have to try harder in developing them. But since there's currently no real infrastructure of note, you probably run the risk of reducing the over all quality of the talent, and thus the league, at least until the the development picks up, and that's assuming it ever does or that it's even worth it in the end. Which, since most clubs don't seem overly arsed. Seems like it probably isn't, at least from their point of view.
