The study was limited to determining corporate diversity and its significant effects on economic growth and company development. Therefore, he encouraged the organization to provide effective management of each diversity. References used to find answers to the research questions include journal articles and a book. Research on the banking sector has shown the analytical foundation and theoretical framework of diversity that provides essential value and advantage in terms of company competitiveness (Richard, 2000). Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay The data was collected through a resource-based framework and was based on the organizational member's demographic conception. Then, investigate the connection between cultural diversity, especially racial, business strategy and business performance. Finally, cultural diversity was shown to increase human capital that served as a resource in firm performance that combined individuals' knowledge, skills, and abilities. On the contrary, diversity was considered harmful to the economic growth of a company. With the number of possible transmission channels, diversity of ethnicity and nationality has directly affected economic growth in a negative way. During the period from 1960 to 1999, 95 countries validated the stated findings that diversity has a negative effect on economic growth (Goren, 2014). Diversity and performance were negatively related to each other due to conflict over group processes in a competitive business unit (Kochan, et al., 2003). Furthermore, diversity in gender, sexual orientation and other characteristics have generated discrimination. Therefore, the people involved cannot realize and express their full potential to contribute whenever they are needed in an organization. Discrimination has made organizations and companies less innovative and less competitive in the global environment. The two studies mentioned above suggest that corporate diversity has an impact in an organization or company in terms of economic growth. Corporate diversity has good effects when it comes to improving the economics of a company through the combination of various skills, abilities, education, physical ability and personality of different individuals. However, it brought to light discrimination between individuals in an organization that made it difficult for a team to process. In this study, the parallel line between the pros and cons of corporate diversity affecting the economic growth of a company was further evaluated.