The Kurds constitute the largest ethnic minority without a homeland state, a non-Arab population controlling areas rich in natural resources such as petroleum and water. A number of geopolitical and geo-economic factors demonstrate the importance of the Kurdish Question for the Middle East but also for power relations on a global scale. Iraq, the Kurdish Regional Government, Turkey and the USA have conflicting interests in the area and the transitional status of Iraq offered an opportunity for change in the regional power balance. This book analyzes the geopolitical and geo-economic parameters related to the Kurdish Question and identifies interests and strategies of the key actors in the region with a focus on Iraq and Turkey. The author examines the possibility of transforming the current Turkish and Iraqi state models to adopt a federal or regional autonomy as a solution towards stability and territorial integrity of the states involved.