The problem here is twofold: First, the American political spectrum lies to the right of that of most of the first world (though many are playing catch up now), so Americans feel the need to distinguish between liberals and conservatives far more than between liberals and anti-capitalist leftists, therefore the latter two get tossed together. Second, “liberal” in America includes social liberals, which in the rest of the world would be called some variety of social democrat, but it can also refers to classical liberals (with the right marketing, i.e Harris and the Clintons), again making distinguishing between these groups difficult. So the distinction you want is the one between social liberals and classical liberals, which is as follows:
Social liberalism[a] or progressive liberalism[9] is a political philosophy and variety of liberalism that endorses social justice, social services, a mixed economy, and the expansion of civil and political rights, as opposed to classical liberalism which favors limited government and an overall more laissez-faire style of governance. While both are committed to personal freedoms, social liberalism places greater emphasis on the role of government in addressing social inequalities and ensuring public welfare.
Classical liberalism (sometimes called English liberalism[1][2][3]) is a political tradition and a branch of liberalism that advocates free market and laissez-faire economics and civil liberties under the rule of law, with special emphasis on individual autonomy, limited government, economic freedom, political freedom and freedom of speech.[4] Classical liberalism, contrary to liberal branches like social liberalism, looks more negatively on social policies, taxation and the state involvement in the lives of individuals, and it advocates deregulation.
They’re both liberals in that they both believe in capitalism and a free market economy, but they differ on the details of what the government ought to do or not to do within said free market economy. So to directly answer your question: In North America “liberal” usually refers to social liberals, while in the rest of the world it refers to classical liberals.
The problem here is twofold: First, the American political spectrum lies to the right of that of most of the first world (though many are playing catch up now), so Americans feel the need to distinguish between liberals and conservatives far more than between liberals and anti-capitalist leftists, therefore the latter two get tossed together. Second, “liberal” in America includes social liberals, which in the rest of the world would be called some variety of social democrat, but it can also refers to classical liberals (with the right marketing, i.e Harris and the Clintons), again making distinguishing between these groups difficult. So the distinction you want is the one between social liberals and classical liberals, which is as follows:
They’re both liberals in that they both believe in capitalism and a free market economy, but they differ on the details of what the government ought to do or not to do within said free market economy. So to directly answer your question: In North America “liberal” usually refers to social liberals, while in the rest of the world it refers to classical liberals.