The short answer is "no".
Fortunately, epicanthoplasty only serves to reduce the broad fold of skin between the eyes that is commonly seen in individuals of Asian ethnicity. This is an exceedingly popular procedure in Korea, Japan, and recently in Singapore too.
In fact, it is often performed in patients who have pseudo-esotropia (or pseudo "cross-eye"/"lazy eye"), and as an adjunctive procedure in patients who have ptosis correction in order to widen the horizontal dimensions of the palpebral aperture. This increases the appearance of the size of the eye.
In summary, it is used as a treatment procedure for patients with cross-eye/lazy eye/ptosis.