This dissertation has as main object of study the concept of development by understanding of historically existent structures as a result of Social Product. To understand the concept, it is necessary to pursue the course of discussions with the task of revealing how individual aspirations interfere with collective and how the collective result interferes with individual particularities. The text provides a discussion on the course of development (growth and wellbeing), the importance of institutional environment in the course of development and a case study of development banks, in particular, the New Development Bank of BRICS. Despite positive expectations and the favorable scenario for the growth of the BRICS countries, the uncertainty has always surrounded the BRICS countries by the mode of social-political relationship caused by the ambiguity of politicians, businessmen and the social inertia facing the facts. In this context, the New Development Bank was created to strengthen intragroup relations and expand efforts to overcome obstacles to development across institutional environment.
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