The policy of 'Salutary Neglect' lasted from the early 1600's to the 1760's and avoided strict enforcement of parliamentary laws - British officials in the colonies were basically allowed to turn a 'blind eye' to trade violations - they neglected to enforce the law.
The name "Ring of Fire" implies a wider area of the Pacific Ocean. It is an area with a huge number of active volcanoes. As a percentage, about 40% of all active volcanoes in the world are located in this area.