The nation and territory of Iraq encountered the issue of national sovereignty and then its consequences in the early years of 20th century. Protectorate, independence, coup d’etat, integration and Pan-Arabism are among the most important factors which have shaped the history of Iraq in 20th century. Beside these, Iraq has had different fluctuations in relations with its neighbours. The advent of two wars and invading Iran and then Kuwait is the product of Ba’thist government of Iraq. Disconformity between demands of Iraqi nation and its government during the last century and ignoring the international norms by Ba’this regime resulted in collapse of this regime by attack of U.S-led international coalition in March 2003 and it created a looming for democracy for Iraq. In this context, this article studies the issue of future of Iraq, democracy in Iraq, Iraqi constitution, political, social, economic and bureaurocratic system and also federalist system. This study attempts to present a political analysis of present and future of Iraq.