You can refer to a change that leads to a new period of growth and improvement in something as its rebirth. n-uncount oft N of n
...the rebirth of democracy in Latin America...
Translation English Cobuild Collins Dictionary
new beginning, regeneration, reincarnation, renaissance, renascence, renewal, restoration, resurgence, resurrection, revitalization, revival
English Collins Dictionary - English synonyms & Thesaurus
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"Collins Cobuild English Dictionary for Advanced Learners 4th edition published in 2003 © HarperCollins Publishers 1987, 1995, 2001, 2003 and Collins A-Z Thesaurus 1st edition first published in 1995 © HarperCollins Publishers 1995"