The expansion of globalization has created opportunities for economic growth in areas of the world it would not have before. Low-income countries can expand through foreign investors, innovation/technology, and education not available previously.  Established industries are growing, bringing new opportunities for per capita growth, better jobs in quality and financial, and education. Resource-rich countries have struggled to economically diversify, leaving them susceptible to economic decline based on global demand fluctuations. Ecuador’s reliance on oil is the example I be using in this paper. Ecuador built internal human capital growth programs with a government-funded college education, healthcare, and investments to grow resource-rich industries such as oil. Economic diversification provides an opportunity for stable growth in times of turmoil, incentivizing international lending, innovation, and human capital growth in the form of new education over time. Ecuador suffers from the economic consequences of global fluctuating prices in oversized resource industries. Analysis of data from multiple diversification studies and analyzing a comparable country execute diversification practices provide, an outline for potential opportunities in Ecuador's future to use diversification to improve technology, stabilization, and increased human capital. Identifying patterns from comparable countries that have successfully diversified their economies and practices can prepare the Ecuadorian government to prepare fiscal and broader economic policies to foster long-term diversification and financial health. By promoting economic diversification, countries such as Costa Rica have reduced vulnerabilities to their overall economy. Such as working through policy to encourage industries outside of resource industries to grow, examples being manufacturing of medical devices, ecotourism, and infrastructure of roads and medical care.  Ecuador can experience greater economic growth, government stability, expansion of education resulting in innovation, and increased per capita income if their efforts are placed on a long-term economic diversification plan.