In this paper, I emphasise the need to disaggregate the rise and current decline of the Liberal International Order (LIO) from the emergence, evolution, and changing dynamics of international society (IS). The differentiation between the IS and the LIO has caused confusion yet holds significant normative and policy implications regarding the current and future international order. I start with a conceptual distinction between the IS and the LIO, emphasising their commonalities and differences, followed by a brief historical review of their emergence and evolution over the last two centuries. A discussion of the contemporary challenges posed to both the IS and the LIO addresses both challenges that overlap and are distinctive in each domain. Finally, I speculate about the practical and policy implications of drawing this distinction by referring to the role of China, the role of the Global South, and the future of the international order.