1. A computer-implemented method for enforcing runtime policies relating to execution of computer code and data of an application, in a networked computing environment, comprising: applying a first annotation to a first portion of computer code, the first annotation being attached during development to the first portion of computer code and comprising metadata defining a set of runtime policies for executing the first portion of computer code and associated data, wherein the runtime policies of the first annotation comprise a geographic location restriction for performing execution of the first portion of the computer code; applying a second annotation to a second portion of computer code, the second annotation being attached during development to the second portion of computer code and comprising metadata defining a set of runtime policies for executing the second portion of computer code and associated data, wherein the runtime policies of the second annotation comprise a different geographic location restriction for performing execution of the second portion of the computer code; receiving a request to run an application; dynamically determining whether a set of parameters satisfy a set of conditions precedent defined in the sets of runtime policies for execution of the computer code and the data of the application; and enforcing, at a runtime of the application, the set of runtime policies for executing the computer code by running the first portion of the computer code without running the second portion of the computer code based on satisfaction of the first geographic location restriction and non-satisfaction of the second geographic location restriction of the set of conditions precedent.