1. A computer-implemented method for enforcing runtime policies in a networked computing environment, comprising: annotating computer code and data of an application with metadata defining a set of runtime policies for executing the computer code and data; receiving a request to run the application; dynamically determining a set of parameters corresponding to the execution of the computer code and data of the application, wherein the set of parameters comprises a geographic location for executing the computer code and data; comparing the set of parameters corresponding to the execution of the computer code and data of the application with the set of runtime policies for executing the computer code and data; and enforcing, at a runtime of the application, the set of runtime policies for executing the computer code and data.